Bank of England Governor Andrew Bailey: Interest rates need to remain at current levels
Bank of England (BoE) Governor Andrew Bailey said that interest rates will need to remain at current levels.
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BoE Governor Andrew Bailey stated that interest rates in the UK will need to remain at current levels and that the BoE is on alert for potential financial stability risks that may arise from this.
Speaking at a press conference following the publication of the BoE's latest Financial Stability Report, Bailey said, "The overall risk environment remains challenging. The outlook for inflation and growth across advanced economies is uncertain."