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UK economy: Bank of England governor says inflation is 'still too high'

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Bank of England governor Andrew Bailey says there is absolutely "no room for complacency" while inflation remains "too high".

He added it was much too early to be thinking about rate cuts, after the interest rate was held at 5.25% for the second consecutive time.

Read more: https://news.sky.com/story/interest-rate-held-at-5-25-for-second-consecutive-time-by-bank-of-england-12998659

#interestrates #bankofengland #economy

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Category
News and politics
Tags
bank, of, england

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