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Home > Finance > BoE Governor Bailey sees gradual downward path for rates

Finance

BoE Governor Bailey sees gradual downward path for rates

Published by Global Banking and Finance Review

Posted on November 6, 2025

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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.

"We are likely to continue to be on a gradual downward path for Bank Rate," Bailey told a press conference.

(eporting by William Schomberg, David Milliken and Suban Abdulla, writing by Sarah Young; Editing by Kate Holton)

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