18:20
The Bank of England's interest rate cut pace may change, Bailey said the uncertainty about the timing of future actions has increased.
The Governor of the Bank of England, Bailey, stated that the Central Bank may continue to lower the key Intrerest Rate, but the uncertainty regarding future actions has increased. He pointed out that despite the key Intrerest Rate being on a downward trajectory, the pace of rate cuts may slow down. Additionally, a bond portfolio reduction plan will be announced on September 18, indicating a possible scale below £100 billion.