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...
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..