Bank of England Poised for Rate Cuts Amid Economic Slowdown, Governor Confirms
Bank of England Poised for Rate Cuts Amid Economic Slowdown, Governor Confirms The Bank of England is signalling a strong likelihood of interest rate reductions, with Governor Andrew Bailey indicating a “downward” path for rates, particularly if the job market shows further signs of slowing. This comes ahead of the Bank’s crucial next policy meeting on August 7th, where rates, currently at 4.25%, will be reviewed. In a recent interview, Bailey expressed his conviction that interest rates are headed lower,…