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.
The Bank of England governor has said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses as a result of the budget. 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
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.
![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)
