Interest rates: Bank of England could be 'more aggressive' on cuts
Published On Oct 3, 2024, 3:21 AM
Andrew Bailey, the governor of the Bank of England, suggested that the bank might take a more aggressive approach to cutting interest rates if inflation allows for it. The Bank recently decreased its interest rate from 5.25% to 5%, marking the first rate reduction in over four years. Additionally, Bailey mentioned that current geopolitical issues, particularly in the Middle East, are being monitored closely due to their potential impact on oil prices and inflation rates.