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Bank of England governor Andrew Bailey warns interest rates will not fall quickly
Posted
August 1, 2024
Views
10,927
Likes
143
Comments
35
Engagement
1.63%
August 1, 2024
10,927
143
35
1.63%
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4:46Now PlayingAndrew Bailey says the Bank of England will not risk a return to inflation by cutting interest rates too quickly.
His comments came after the Bank cut interest rates by a quarter percentage point to 5%
It brought to an end the joint-longest plateau for rates since the Bank was granted independence in 1997.
#bankofengland #costofliving #interestrates
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