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The Bank of England is preparing the ground for lower interest rates
Credit: Sky News- Published on March 21, 2024
For some reason which no-one can quite remember, when economists talk about interest rates they invariably find themselves referring to species of birds.
Video credit: ODN
Published on March 21, 2024 - 00:56
Bank of England keeps interest rates on hold
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 โnot yet at the pointโ where rates can be lowered, but things are โmoving in the right directionโ. For the first time since September 2021, no-one on the nine-person decision-making body that sets interest rates voted for an increase.
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Bank of England
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