GBN Jacob July 3, 2024
Armstrong. The chancellor has armstrong. The chancellor has cautioned the bank of england against cutting Interest Rates too quickly. The bank has decided to hold borrowing costs at the same level, 5. 25, for a sixth time. But the governor, andrew bailey, says hes optimistic inflation will continue to fall and has suggested an Interest Rate cut could come as soon as next month. But jeremy hunt urged the bank not to take risks with inflation. I welcome the fact the bank of england has obviously thought about this very hard. They take this decision independently and i would much rather that they...