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'Very, very premature' to be talking about interest rate cut, Bank of England governor warns

Summary by Ground News

The Bank of England has warned against complacency after freezing its interest rate at 5.25%. Governor Andrew Bailey said he is determined to bring inflation back down to the target level of 2% - but with current rates at 6.7%, he added that "the job isn't done yet".

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Bloomberg

BOE Governor Bailey Says It’s Premature to Talk About Rate Cuts

Bank of England Governor Andrew Bailey said it was too soon to consider cutting UK interest rates after the central bank held its base rate steady for the first time in almost two years.

1 year ago·United States

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The Guardian

Bank of England governor says ‘no room for complacency’ after leaving interest rates on hold – as it happened

BoE policymakers were split 5-4 on interest rates this month, with a narrow majority voting to leave Bank rate at 5.25%

1 year ago·London, United Kingdom

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Sky News UK

'Very, very premature' to be talking about interest rate cut, Bank of England governor warns

The Bank of England has warned against complacency after its interest rate was frozen at 5.25%.

1 year ago·United Kingdom

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67% Left

Bias Distribution

67% of the sources lean Left

67% Left

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Sky News UK broke the news in United Kingdom 1 year ago on Thursday, September 21, 2023.

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'Very, very premature' to be talking about interest rate cut, Bank of England governor warns

3 Articles

3 Articles

BOE Governor Bailey Says It’s Premature to Talk About Rate Cuts

BOE Governor Bailey Says It’s Premature to Talk About Rate Cuts

Bank of England governor says ‘no room for complacency’ after leaving interest rates on hold – as it happened

Bank of England governor says ‘no room for complacency’ after leaving interest rates on hold – as it happened

'Very, very premature' to be talking about interest rate cut, Bank of England governor warns

'Very, very premature' to be talking about interest rate cut, Bank of England governor warns

Coverage Details

Bias Distribution

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