LONDON (Reuters) -Bank of England Governor Andrew Bailey said Bank Rate was likely to continue to be on a "gradual downward path" after a 5-4 vote kept the central bank's benchmark rate at 4.0% on
Bank of England's Bailey Predicts Gradual Decline in Interest Rates
Bank of England's Rate Strategy
LONDON (Reuters) -Bank of England Governor Andrew Bailey said Bank Rate was likely to continue to be on a "gradual downward path" after a 5-4 vote kept the central bank's benchmark rate at 4.0% on Thursday.
Governor Bailey's Remarks
"We are likely to continue to be on a gradual downward path for Bank Rate," Bailey told a press conference.
Implications for the Economy
(eporting by William Schomberg, David Milliken and Suban Abdulla, writing by Sarah Young; Editing by Kate Holton)
