Bank of England rate cut expected as Fed holds again
Wednesday, 31 July 2024 The Bank of England will implement its first interest rate cut since 2020 at midday on Thursday, if financial markets and many economists are right, hours after the US central bank signalled it could act next month.
Hopes for consecutive interest rate cuts by the Bank of England over the next two months have been dampened by the UK government's recent budget, economists have.. Sky News
Bank of England governor Andrew Bailey has said he is "optimistic" that inflation pressures would ease sufficiently for the central bank to cut rates further.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Wednesday, 31 July 2024
The Bank of England will implement its first interest rate cut since 2020 at midday on Thursday, if financial markets and many economists are right, hours after the US central bank signalled it could act next month.
![Bailey optimistic Bank of England can cut rates further [Video]](https://video.newsserve.net/300/v/20240919/1387945522-Bailey-optimistic-Bank-of-England-can-cut-rates.jpg)
