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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.
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