Hopes for pre-election interest rate cut suffer further blow

Monday, 10 June 2024 (3 weeks ago)
The prospect of a pre-election interest rate cut by the Bank of England has been damaged by official figures showing no progress in bringing down the pace of wage growth.

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Bank of England Central bank of the United Kingdom

Interest rates held for seventh time in a row

The Bank of England has held interest rates at 5.25% for the seventh time in a row.
Sky News 1 week ago

Hunt: BoE governor's optimism on economy is encouraging [Video]

Hunt: BoE governor's optimism on economy is encouraging

Chancellor Jeremy Hunt has welcomed the Bank of England's decision to leave interest rates unchanged, adding he would rather it didn't rush into a decision it'd later have to backtrack on. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN Duration: 01:05Published on January 1, 1970

BoE ‘optimistic’ about cuts despite unchanged interest rates [Video]

BoE ‘optimistic’ about cuts despite unchanged interest rates

Bank of England Governor Andrew Bailey has said he is 'encouraged' by the direction of inflation, hinting borrowing costs could soon be cut if inflation is reined in. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN Duration: 01:04Published on January 1, 1970

Jones: Govt policy changes could help lower inflation [Video]

Jones: Govt policy changes could help lower inflation

Shadow Chief Secretary to the Treasury Darren Jones has said there are a number of policy initiatives that could help bring inflation down after the Bank of England decided to leave the rate unchanged. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN Duration: 00:47Published on January 1, 1970

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