Why the Bank of England is holding rates despite a weakening economy | Phillip Inman
Rising unemployment and falling inflation made a strong case for a cut but Andrew Bailey opted to wait and seeBank of England keeps interest rates on holdBusiness live – latest updatesWhen unemployment is rising and inflation falling, the Bank of England would, under normal circumstances, cut the cost of borrowing.Add to the mix a faltering economy and the public might reasonably expect a reduction in interest rates to lift their spirits. Continue reading...
Rising unemployment and falling inflation made a strong case for a cut but Andrew Bailey opted to wait and see
When unemployment is rising and inflation falling, the Bank of England would, under normal circumstances, cut the cost of borrowing.
Add to the mix a faltering economy and the public might reasonably expect a reduction in interest rates to lift their spirits. Continue reading...
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