Bank of England announces interest rates will remain unchanged at 5.25 percent, London, United Kingdom - 09 May 2024
Governor of the Bank of England Andrew Bailey speaks at the Monetary Policy Report press conference in London, Britain, 09 May 2024. The UK central bank decided to keep the interest rates at 5.25 percent for the sixth time in a row. In the report, Mr Bailey said the bank needs to see more evidence of inflation falling before cutting the base interest rates.