Central bank’s governor warns consumers not to expect a return to near-zero rates
Business live – latest updates
The governor of the Bank of England, Andrew Bailey, has said he expects interest rates to fall gradually but warned consumers not to expect a return to near-zero levels.
Bailey said he was “very encouraged” by the downwards path of inflation and “therefore I do think the path for interest rates will be downwards, gradually”. Last week, the Bank kept borrowing costs on hold at 5%.
About Author
More Stories
What does Elon Musk want from all this politicking?
Norway to increase minimum age limit on social media to 15 to protect children
Rupert Murdoch’s Dow Jones and New York Post sue AI firm for ‘illegal copying’