Bank of England keeps interest rate at 5.25% but cut moves closer
Thursday, 21 March 2024 The Bank of England interest rate has been kept at 5.25% for a fifth consecutive time, but says the prospects for a cut are "moving in the right direction".
The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead. Bank governor Andrew Bailey said the economy is “not yet at the point” where rates can be lowered, but things are “moving in the right...
Around half the UK's mortgage holders face paying higher rates over the next three years, the Bank of England has warned, as its battle against inflation.. Sky News
The governor of the Bank of England said that the UK must “welcome opportunities to rebuild relations” following Brexit, as he backs the Chancellor’s plans to boost business investment and growth. Andrew Bailey discussed the importance of economic growth at the annual Mansion House speech in the City of London. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In this interview with Alex Brummer (City Editor of the Daily Mail) in 2022 - when the interest rate hikes were just starting - we discussed whether Andrew Bailey is doing a good job as the Governor of..
Thursday, 21 March 2024
![Andrew Bailey: UK must ‘rebuild relations’ following Brexit [Video]](https://video.newsserve.net/300/v/20241115/1393467086-Andrew-Bailey-UK-must-rebuild-relations-following-Brexit.jpg)
![Is Andrew Bailey a good Bank of England Governor? Interview with Alex Brummer [Video]](https://video.newsserve.net/300/v/20240317/1710686797-Is-Andrew-Bailey-good-Bank-of-England.jpg)
