Thursday, May 30, 2024

No interest rate change in the UK

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The Bank of England keeps its key interest rate unchanged. Photo: Alastair Grant / AP / NTB

Of NTB | 05/09/2024 13:14:03

Economy and business: – We need to see more evidence that inflation will remain at a low level before we can cut interest rates, says Central Bank Governor Andrew Bailey in a statement on Thursday.

A policy rate of 5.25 per cent is the highest in the UK for 16 years.

The Bank of England has an inflation target of 2 percent.

(© NTB)

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