© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

UK interest rates are too high and may need cut – Bank of England’s Tenreyro

Policymaker highlights split in rate-setting committee, saying inflation is on track to fall

UK interest rates may need to be cut this year as the pressure on households and businesses from high borrowing costs ripple through the economy, a senior Bank of England policymaker has said.

Silvana Tenreyro, one of the members of the Bank’s rate-setting monetary policy committee, said inflation in the UK was on track to fall rapidly this year despite concerns from others on the nine-strong panel that it could remain at persistently higher levels.

Continue reading…

Related posts

Israel-Gaza war live: Ceasefire and hostage deal ‘right on brink’, says US, as hopes rise for agreement

AEA3

Speaker defends Tony Blair knighthood after backlash

AEA3

Afghan women to be banned from playing sport, Taliban say

AEA3

Pin It on Pinterest

Share This