LONDON (Reuters) -Bank of England Governor Andrew Bailey said it was important that interest rates were not lowered "too quickly or by too much" after the bank cut rates to 4% from 4.25% on Thursday
BoE's Bailey says important not to cut rates 'too quickly or by too much'
Interest Rate Management and Inflation
LONDON (Reuters) -Bank of England Governor Andrew Bailey said it was important that interest rates were not lowered "too quickly or by too much" after the bank cut rates to 4% from 4.25% on Thursday following a narrow vote.
Bailey's Statements on Rate Cuts
"It remains important that we do not cut bank rate too quickly or by too much," Bailey said at a press conference, adding that he expected higher inflation in recent months to be short-lived.
Inflation Trends and Predictions
"There are good reasons to think that this rise in headline inflation will not persist."
(Reporting by William Schomberg, David Milliken and Suban Abdulla, writing by Sarah Young; editing by William James)
