Bank boss ready to cut rates if job market slows1 day ago Share Save Osmond Chia Business reporter, BBC News Share SaveReutersThe Bank of England is prepared to make larger interest rate cuts if the job market shows signs of slowing down, its governor has said. In an interview with the Times, Andrew Bailey said "I really do believe the path is downward" on interest rates. "Our big concern is a recession," he said, adding that a rate cut is "obviously a benefit to all of us". Interest rates were left unchanged during the Bank's last meeting in June, following two cuts earlier in the year. During that meeting, Mr Bailey also said interest rates would take a "gradual downward path".

Source: The Times July 15, 2025 00:41 UTC