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 “not yet at the point” where rates can be lowered, but things are “moving in the right direction”.
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.
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Chief Cashier of the Bank of England Sarah John has welcomed the new bank notes featuring a portrait of His Majesty The King. The King welcomed Mrs John and Governor of the Bank of England Andrew Bailey to Buckingham Palace, where he was presented with ÂŁ5, ÂŁ10, ÂŁ20 and ÂŁ50 notes. These are the first notes which feature the image of His Majesty. Mrs John said it's "a great pleasure to be able to show the King what he's going to look like on the bank notes of the future." Mrs John revealed the bank notes will be released to the general public on the 5th of June. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The King welcomed Bank of England Governor Andrew Bailey to Buckingham Palace, who presented him with the first bank notes featuring his portrait as monarch. The portrait of His Majesty which appears on the notes is based on a portrait that was provided by the Palace to the Bank of England.
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Chancellor Jeremy Hunt announces UK inflation fell to the lowest level in more than two years, to 3.4%. He would not be drawn on whether the fall would allow him to announce pre-election tax cuts in an autumn statement. Mr Hunt said: “What I’m really saying is that as inflation gets closer to its target, that opens the door for the Bank of England to consider bringing down interest rates, that brings down mortgage rates, that makes a very big difference. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
"Hundreds of thousands" of people descended on London for a pro-Palestinian march on Saturday, as the Metropolitan Police warns months of protest have caused "fear and uncertainty" in Jewish communities.
The event, organised by the Palestine Solidarity Campaign (PSC), began at Parliament Square from 12pm and is expected to draw larger crowds as the day goes on.
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The deaths of the Reading terror attack victims were "probably avoidable" and contributed to by the failings of multiple agencies, an inquest has found.
Friends James Furlong, 36, Joseph Ritchie-Bennett, 39, and David Wails, 49, were stabbed to death by Khairi Saadallah, now 29, in Forbury Gardens on 20 June 2020.
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Royal biographer Hugo Vickers said the King's return to duties is a sign he is "on the way to recovery." Buckingham Palace confirmed today that His Majesty The King will shortly return to public-facing duties after a period of treatment and recuperation following his recent cancer diagnosis. "I think the most difficult thing for him was he was really getting into his stride as head of state and he was doing so much and then suddenly he was confined to base. We'll be very pleased to see him and he'll be delighted to be out and about again," Mr Vickers added. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to..
Credit: Wibbitz Top Stories Duration: 01:31Published
With interest rates at historical highs, investors often ask, should I keep my funds in my high yield savings, lock them up in a bank CD for a year or more, or invest in a Treasury Bond?
In this interview with Alex Brummer (City Editor of the Daily Mail) in 2022 - when the interest rate hikes were just starting - we discussed whether Andrew Bailey is doing a good job as the Governor of..
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