Bank of England cuts interest rates to 4.75%
UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week's Budget.
Bank governor Andrew Bailey said rates were likely to "continue to fall gradually from here”, but cautioned they could not be cut "too quickly or by too much”.
Investors now do not expect any further rate cuts this year, with the Bank likely to hold rates at its next meeting in December.
Posted on 07.11.2024.
We provide services
Other useful articles
- UK-France agreement on asylum returns
- Irish citizens who have been resident in the UK for five years to register as British
- Closure of care worker route to new entrants from 22 July 2025
- New temporary shortage list
- Skills and salary thresholds to rise from 22 July 2025
- Closure of Afghan Relocations and Assistance Policy from 3pm today
Get specialist advice
Please contact with one of our immigration lawyers by phone +44 (0) 207 907 1460 (London), +971 509 265 140, +971 525 977 456 (Dubai) or complete our enquiry
Contact us