No Interest to Cut Rates…(Yet)

Newscast

09-05-2024 • 32 mins

Today, we look at whether the UK economy has “turned a corner”, and if so why interest rates were kept the same?

The Bank of England has announced it is keeping interest rates the same, for the sixth month in a row. The Governor Andrew Bailey has said it needs to "see more evidence" that price rises have slowed further. So when will mortgage rate start to drop? Adam is joined by Andy Haldane, former chief economist at the Bank of England and Darshini David, the BBC’s chief economics correspondent.

And, 24 hours on from the shock defection of Natalie Elphicke to Labour - Chris speaks to the former Tory MP.

You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhere Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Jack Maclaren with Miranda Slade. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.

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