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Governor of England Andrew Bailey, in the city of England, England, England, November 29, 2024.
Hollie Adams | Bloomberg | Getty pictures
British Governor Andrew Bailey’s CNBC’s interest rates to CNBC “The interest rates will gradually go down,” the Central Bank brought the inflation and inconvenient economic growth.
“I didn’t change my mind about it,” he said. “But where will we go to the next meeting? Well, we’ll see.”
Economists expect politicians to calculate 25 main points in the next gatherings of 4.25% to 4.25% of the next meeting of politicians in August.
However, Boe’n Bailey told CNBC that politicians were softener for politicians needed to check if there were sustainable inflationary pressure such as a medium of energy prices.
“The main question for me is that we can start seeing and inflation should create a context that the target will return to the target? He focused.
Boe has 2% inflation target, but the price increase has stubbornly exceeded this level, 3.4% decline in May – above the end of the neighboring euro zone inflation 2% in June. Meanwhile the growth runs, British economy shrinks sharply in April Global trading tariffs and new internal tax rose.
UK Finance Minister Rachel Reeves – Who is the last fall The tax increase in the presented A majority mammal public spending program on enterprises will finance the public spending program – the latest growth information is “clearly disappointed,” he said.
Treasury’s inflation “Required the necessary options for stabilizing and inflation”, referring to “financial rules”, asked to ask for “inflation with inflation” by not financing government spending.
UK’s economic and financial worldview in October, the UK’s economic and financial worldview continues with higher economic growth forecasts with higher debt interest and weaker tax revenues from October. Back In MarchFor budget liability, the independent office has expected England to grow by 1% this year and its editing 1.9% in 2026.
Buyers and tourists pass the London in front of boutiques and antique stores in Portobello Road in the United Kingdom.
Mark Kerrrison | In the pictures | Getty pictures
Chancellor Reveves acknowledged that the government is trying to increase growth in the British economy, “he said.”
To achieve this in accordance with the financial rules, Reeves essentially elevated: Cut public costs, borrow or increase tax.
Economists say that the last choice is the only real version of the government because it is already committed to high state spending and more sustainable borrowing framework.
Central Banking politicians tend to hesitate to comment on the financial policies of governments to prevent interference or biased charges. Bailey told CNBC on Tuesday that the reeves was important that the Reeves was important, “It was important to have a suitable comfort.”
“The United Kingdom has a financial framework for the chancellor and often I often discuss. Chancellor is very determined to have a solid financial policy, and it is important to macroeconomic stability,” he said.