Skip to main content
Donate to the 95 years appeal
Bank of England urged to cut interest rates as CPI remains at 2.2 per cent
Andrew Bailey, Governor of the Bank of England, speaks during the Bank of England Monetary Policy Report press conference at the Bank of England, London, August 1, 2024

THE TUC urged the Bank of England today to make another interest rate cut after inflation stood stable for another month.

The latest Office for National Statistics (ONS) data showed that consumer prices index inflation remained unchanged at 2.2 per cent in August.

This is the same as a month earlier and below the Bank of England’s projection of 2.4 per cent.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Protesters take part in a demonstration outside the Foreign, Commonwealth and Development Offcie (FCDO) in Whitehall, London, calling for the government to protect the crew of Madleen, June 9, 2025
Gaza Genocide / 7 October 2025
7 October 2025

Jewish campaigners condemn Starmer’s claim that demonstrations against genocide are 'un-British'

A view of £5, £10, £20 and £50 bank notes
Cost-of-living Crisis / 8 October 2025
8 October 2025
Policing / 6 October 2025
6 October 2025
Protesters taking part in a demonstration organised by Defend our Juries, in support of Palestine Action in Trafalgar Square, London, October 4, 2025
Policing / 5 October 2025
5 October 2025

Campaigners condemned government’s plan to give police new powers to crack down on protests