Name: Interest rates could fall if inflation stays low, says Bank of England
Uploaded: 2024-09-19T20:17:13+01:00
Duration: 2 min 42 s
Description: As expected, the Bank of England has held interest rates at five percent, after cutting them from 5 and a quarter percent last month. The Bank's governor Andrew Bailey said the rate could come down "gradually over time" if inflation stays low.

As expected, the Bank of England has held interest rates at five percent, after cutting them from 5 and a quarter percent last month. The Bank’s governor Andrew Bailey said the rate could come down “gradually over time” if inflation stays low.