Bank of England: Budget will cause inflation to rise but not to 2022 levels
November 7, 2024
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10:29Now PlayingBank of England: Budget will cause inflation to rise but not to 2022 levels
YouTube Description
as posted by the channelBank of England governor Andrew Bailey has admitted that inflation is still likely to rise following the budget however its not expected to hit the high levels of 2022.
It comes after the base rate was cut to 4.75% - the lowest level in more than a year.
It will will make the cost of borrowing cheaper in the UK, however, it will also lessen returns on savings.
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#skynews #economy #uk
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