The Bank of England recently voted by a majority of eight to one to reduce the base rate from 5 per cent to 4.75 per cent to ease the inflationary pressure on households and businesses.
The decision reflects the continued progress in disinflation, it said.
Monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflation reduction dissipate further.
The decision reflects the continued progress in disinflation, it said.
Monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflation reduction dissipate further.
