Bank of England boss hints cuts are on the way as interest rate remains unchanged
The Bank of England has given its clearest sign in years that cuts could be on the way, after voting to keep interest rates unchanged.
Governor Andrew Bailey said the economy is “not yet at the point” where rates can be lowered, but said things are “moving in the right direction” after a sharp fall in inflation to 3.4 per cent in February, not far from the target of 2 per cent.
It came as the kept the base rate unchanged at 5.25 per cent for the fifth consecutive
