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UK Interest Rates Fall for First Time in Over 4 Years – Investor Bytes
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UK Interest Rates Fall for First Time in Over 4 Years

News Desk by News Desk
August 1, 2024
in Markets
0
UK Interest Rates Fall for First Time in Over 4 Years

UK Interest Rates Fall for First Time in Over 4 Years

Interest rates cut to 5% in a closely-run decision, marking the first decrease since March 2020. But Bank of England governor Andrew Bailey warns of a cautious approach, saying “no sharp falls” in borrowing costs ahead, as policymakers prioritize keeping inflation in check.

Tags: breakingnewsfinancialnews

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