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Bailey hints at more aggressive interest rate cuts

Daily Express

|

October 04, 2024

THE Bank of England could cut interest rates more quickly if price rises remain under control, its Governor has suggested.

- Steph Spyro

Bailey hints at more aggressive interest rate cuts

Andrew Bailey said that it may be a "bit more aggressive" depending on the rate of inflation, which is close to the Bank's 2% target.

Its economists, he said, were watching Middle East developments "extremely closely", in particular for any movement in oil prices that could stoke inflation.

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