English>

Market News

Bank of England's Taylor says it's time to cut interest rates - REUTERS

JANUARY 16, 2025

By 


LEEDS, England, Jan 15 (Reuters) - The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain's economy, Alan Taylor, the BoE's most recently appointed interest rate setter, said on Wednesday.

Taylor, an economics professor, voted to cut rates in November - when Bank Rate was cut to its current level of 4.75% - and again in December when the Monetary Policy Committee majority left it unchanged.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics