BoE’s Bailey: UK Not on Brink of Recession

Bailey's dismissal of an imminent UK recession, despite data that is only 'slightly stronger' and activity that remains historically weak, signals a cautious central bank posture. This matters for rate-sensitive assets, as it reduces the immediate case for aggressive policy loosening. The key tension to watch is whether this resilience proves durable or merely masks a delayed slowdown, given the narrow margin of strength cited.