And he announced British Central Reducing interest rates by a quarter of a percentage point to 4.75 percent, in line with expectations.
During its meeting last September, the Bank of England kept interest rates unchanged, at 5 percent.
Last month, the English Central Bank reduced interest rates by 25 basis points for the first time since the beginning of the Corona pandemic in early 2020, after raising them to their highest levels in 16 years in order to curb inflation.