Bank of England Governor Andrew Bailey has signaled a potential interest rate cut if the UK job market weakens. In an interview with the Times, Bailey stated, "I really do believe the path is downward" regarding interest rates. This suggests the central bank is prepared to loosen monetary policy to support employment, even if inflation remains a concern. The move would aim to stimulate the economy by making borrowing cheaper for businesses and consumers, potentially offsetting any negative impact from a slowing labor market. The timing and extent of any rate cut will depend on future economic data, particularly employment figures.