Central Banks Tread Carefully on Rate Cuts Amid Inflation Concerns

Bank of England and Federal Reserve officials signal a cautious approach to interest rate reductions, highlighting the need for more data and warning against market overoptimism.

Bank of England's Catherine Mann warns against excessive market expectations for interest rate cuts, emphasizing the UK's stronger wage dynamics compared to the US and Eurozone.
Federal Reserve officials reconsider earlier projections, now indicating fewer rate cuts this year amid persistent inflation.
The Bank of England prepares for potential rate cuts, with markets anticipating the first reduction by June, despite warnings from policymakers.
Fed's cautious approach reflects concerns over premature rate cuts risking inflation control, with some officials still open to reductions.
The Co-operative Bank announces a major restructuring, cutting 400 jobs as part of its efficiency improvement plan.