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Interest rates held for seventh time in a row

Sky News Thursday, 20 June 2024 ()
The Bank of England has held interest rates at 5.25% for the seventh time in a row.
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News video: New US Home Construction Sinks to Slowest Pace in 4 Years

New US Home Construction Sinks to Slowest Pace in 4 Years 01:30

New US Home Construction , Sinks to Slowest Pace in 4 Years. Government data released on June 20 indicates that new home construction in America dropped in May to the slowest pace since June 2020, Yahoo Finance reports. . Housing starts dropped 5.5%, and building permits dipped 3.8%. Home...

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Bank of England Bank of England Central bank of the United Kingdom

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
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
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

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