PrøvGOLD- Free

Interest rates held at 5.25% but BoE 'optimistic' about cuts
The Herald|May 10, 2024
THE Bank of England has decided to keep UK interest rates unchanged, but gave a new sense of optimism that borrowing costs could soon be cut if inflation is reined in.
Interest rates held at 5.25% but BoE 'optimistic' about cuts

While the central bank voted to hold rates at 5.25%, governor Andrew Bailey said he is “optimistic that things are moving in the right direction”. Mr Bailey said there has been “encouraging news” on inflation, which the Bank expects to come close to its 2% target between April and June.

But he added: “We need to see more evidence that inflation will stay low before we can cut interest rates.”

In a strong signal that the tide is turning among the rate-setters, two members of the Bank’s nine-person Monetary Policy Committee (MPC) voted for interest rates to be cut by 0.25 percentage points, to 5%.

Denne historien er fra May 10, 2024-utgaven av The Herald.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Interest rates held at 5.25% but BoE 'optimistic' about cuts
Gold Icon

Denne historien er fra May 10, 2024-utgaven av The Herald.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE HERALDSe alt
Littler sure he can match Taylor's 16 world crowns
The Herald

Littler sure he can match Taylor's 16 world crowns

LUKE Littler believes that he is capable of hunting down Phil Taylor's record of 16 world titles after becoming the youngest-ever champion.

time-read
2 mins  |
January 06, 2025
Calls for paid leave over domestic abuse
The Herald

Calls for paid leave over domestic abuse

DOMESTIC abuse victims would have access to paid time off work to help them stay safe, under a proposed law to be tabled in Parliament.

time-read
1 min  |
January 06, 2025
NHS 'could collapse' without reform - Wes
The Herald

NHS 'could collapse' without reform - Wes

WES Streeting has warned the NHS could \"go the way of Woolies\" unless it is brought \"into the 21st century\" by reform.

time-read
1 min  |
January 06, 2025
Musk: Farage 'doesn't have what it takes'
The Herald

Musk: Farage 'doesn't have what it takes'

ELON Musk has said Nigel Farage \"doesn't have what it takes\" to lead Reform UK, just weeks after the pair had a \"great\" meeting in the United States.

time-read
1 min  |
January 06, 2025
Mayor defends inquiries into grooming gangs
The Herald

Mayor defends inquiries into grooming gangs

MAYOR of Greater Manchester Andy Burnham has defended past inquiries into child sexual exploitation in the region - but added he \"welcomes discussion\" about a national review.

time-read
1 min  |
January 06, 2025
The Herald

Snow leads to travel disruption

HEAVY overnight snow yesterday created significant travel disruption across much of the UK, as the cold start to the new year continued.

time-read
1 min  |
January 06, 2025
The Herald

Zelensky repeats plea

President Volodymyr Zelensky has said he will again call on allies to boost his country's air defences at this week's meeting in Germany, as United States president-elect Donald Trump takes over later this month with a vow to end the almost three-year war quickly.

time-read
1 min  |
January 06, 2025
Plea to give rescued cats a loving new home
The Herald

Plea to give rescued cats a loving new home

A PLYMOUTH animal charity has issued a fresh plea for its latest rescued cats to be rehomed with loving owners.

time-read
2 mins  |
January 06, 2025
Have you seen my Ferrari?
The Herald

Have you seen my Ferrari?

ONLINE DRAW COST 89P-BUT GERALD SWAPS £140,000 CAR FOR CASH!

time-read
1 min  |
January 06, 2025
The Herald

Woman punched in face in street attack

A WOMAN who was punched in the face and hit with a glass bottle in a street attack in Devon suffered serious injuries.

time-read
1 min  |
January 06, 2025

Vi bruker informasjonskapsler for å tilby og forbedre tjenestene våre. Ved å bruke nettstedet vårt samtykker du til informasjonskapsler. Finn ut mer