Bank of England on 'narrow path' as interest rates rise
Video Credit: ODN - Duration: 01:35s - Published
Bank of England on 'narrow path' as interest rates rise
The Bank of England has raised interest rates to one per cent - their highest level since 2009 - as the UK's cost of living crisis is intensified by the war in Ukraine.
Announcing the move, Bank of England Governor Andrew Bailey said: "There were a range of views among members of the committee about the extent of tightening required ā¦ this reflects the narrow path we are navigating." Report by Buseld.
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The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead. Bank governor Andrew Bailey said the economy is ānot yet at the pointā where rates can be lowered, but things are āmoving in the right directionā. For the first time since September 2021, no-one on the nine-person decision-making body that sets interest rates voted for an increase.
Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Bailey says the decision to cut interest rates has āmoved onā from how high rates will go to āhow long we have to be here until we cut themā. The Bank of England governor says the MPC will āactā when āmore persistent parts of inflationā come down. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In a surprising turn of events, Gypsy Rose Blanchard reveals her separation from husband Ryan Anderson just three months after her release from prison. Watch as she shares this unexpected news in a heartfelt Facebook post, sparking speculation and reflection on her journey post-incarceration. Stay tuned for the latest updates on this developing story.
#GypsyRoseBlanchard #RyanAnderson #GypsyRyan #GypsyRyanDivorce #GypsyBlanchardAnnouncement #GypsyRyanDivorce #Oneindia
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Gypsy Rose Blanchard and Ryan Scott Anderson are reportedly dunzo. Gypsy posted a private Facebook message detailing her split from Ryan after nearly two years.. TMZ.com
The West Coast Main Line between London Euston and Milton Keynes will be shut for four days from Good Friday for engineering works. Network Rail advises passengers to avoid travelling where possible. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labourās Anneliese Dodds has suggested the PM is arrogant after he awarded Conservative Party donor Mohamed Mansour a knighthood. The businessman has been honoured for his business, charity and political service and donated Ā£5m to the party last year.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Labour says analysis of council charges shows that local authorities under its control charge an average of Ā£276 less than Conservative-controlled councils. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rising Energy Costs, Expected to Drive Inflation , to an All-Time High in the UK.
'The Independent' reports that new data from the Office
for National Statistics will paint a clear picture of the ,..
Credit: Wibbitz Top Stories Duration: 01:31Published
Bank of England, Warns of Recession, as British Pound Plummets.
On May 5, the British pound was
preparing for its biggest drop since
the beginning of the COVID-19 pandemic.
NBC reports that the..
Credit: Wibbitz Top Stories Duration: 01:31Published
The Governor of the Bank of England has defended today's rise in interest rates, which will put further pressure on households, saying it was necessary amid "a series of unprecedently large shocks" to..