Bank of England may be forced to cut interest rates

NULL

In a surprise statement, the Bank of England may be forced to cut interest rates further, rather than raise them, to combat low inflation. Chief Economist, Andy Haldane, says softening employment figures and weak manufacturing and construction data suggests UK growth could slow in the second half of the year. He also sighted problems in emerging markets having a possible drag on UK growth, ruling out an expected rate hike anytime soon. UK interest rates have been held at a record low of just 0.5% for more than six years.

More from Business

Latest Blogs

  • PINOY BULLETIN: JUNE 02 - 06, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

  • PINOY BULLETIN: MAY 26 - 30, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.