Bank of England governor Andrew Bailey sits down with Sky’s economics editor, Ed Conway, to debate the state of the economic system and the place rates of interest may go subsequent.
The Bank of England Monetary Policy Committee (MPC) selected to carry the bottom price of curiosity at 5.25%.
While the MPC voted 7-2 to depart UK rates of interest on maintain at 5.25%, the change within the vote can be seen as an additional signal that they could possibly be coming down quickly – maybe as quickly as subsequent month.
#interestrates #bankofengland #inflation #economic system #skynews
Read extra: https://news.sky.com/story/when-will-interest-rates-be-cut-mortgages-money-latest-sky-news-blog-13040934
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