Bank of England governor ‘optimistic’ that interest rates can be cut, after ‘no change’ decision today – as it happened
Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs unchanged in 8-1 vote. Bailey 'optimistic' that rates will come down further 14:45 Bank of England governor Andrew Bailey has told broadcasters he is “optimistic” that inflation pressures would ease enough to allow further cuts to interest rates.