Bank of England Says It Won't Hesitate to Change Interest Rates to Hit 2% Target
By Max Colchester
The governor of the Bank of England, Andrew Bailey, said Monday
that the central bank will change interest rates by "as much as
needed" to bring inflation down to 2% in the medium term.
The BOE said it would make a full assessment at it's next
The statement comes after the pound fell to record lows against
the dollar following a government cut in tax rates.
Write to Max Colchester at firstname.lastname@example.org
(END) Dow Jones Newswires
September 26, 2022 11:59 ET (15:59 GMT)
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