Governor calls for steeper rate cuts if jobs market slows down
The Journal
|July 15, 2025
THE Governor of the Bank of England has called for more dramatic cuts to interest rates if the jobs market sees a substantial slowdown.
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In an interview with The Times, Andrew Bailey insisted: "I really do believe the path is downward" for rates.
He said that businesses are "adjusting employment" following Rachel Reeves' tax hikes for businesses, particularly in the increases to employers' national insurance contributions (NICs).
यह कहानी The Journal के July 15, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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