The Monetary Policy Committee voted five-four to lower rates from 5.25% to 5%, with Governor Andrew Bailey saying inflationary pressures "have eased enough".
Shadow Chancellor Jeremy Hunt said the decision "will be welcome news for millions of homeowners" and "shows that Labour inherited a stronger economy which was on the right track".
He said: "In government, we took difficult decisions that cut inflation from 11.1% to the Bank's target 2%, paving the way for lower rates.
Bu hikaye Daily Express dergisinin August 02, 2024 sayısından alınmıştır.
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Bu hikaye Daily Express dergisinin August 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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