Bank of England keeps interest rates on hold

Video Credit: ODN
Published on March 21, 2024 - Duration: 00:56s

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 “not yet at the point” where rates can be lowered, but things are “moving in the right direction”.

For the first time since September 2021, no-one on the nine-person decision-making body that sets interest rates voted for an increase.

Report by Covellm.

Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn


You are here


💡 newsR Knowledge: Other News Mentions

Bank of England

Central bank of the United Kingdom
Andrew Bailey, the Bank of England governor, will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between..
2 days ago • Sky News
The Bank of England has maintained its guidance for "gradual" interest rate cuts next year, following surprise support for an interest rate cut this month.
Credit: Sky News - Published 4 days ago


Andrew Bailey (banker)

British central banker (born 1959)

Related news from verified sources

Britain's annual inflation rate fell more than expected in February, official data showed Wednesday, fuelling speculation that the Bank of England will start...
on March 20, 2024 • IndiaTimes

British house prices rose in February with the first annual increase in over a year, according to mortgage lender Nationwide Building Society. The uptick in...
on March 1, 2024 • IndiaTimes

Related videos from verified sources

Chancellor hails inflation rate fall to 3.4% 01:05
Video credit: ODN - Published on March 20, 2024 

You might like