Bank of England's Greene says markets expect rate cuts to happen early, FT reports

Bank of England policymaker Megan Greene said that markets now expect that BoE will cut rates earlier and by more than the Federal Reserve this year, Financial Times reported on Thursday.

"Following surprisingly strong U.S. March CPI inflation, markets now expect the Bank of England will cut rates earlier and by more than the Federal Reserve this year," Greene wrote in an opinion piece published in the newspaper.

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