Finance
BoE Governor Bailey sees gradual downward path for rates
Published by Global Banking and Finance Review
Posted on November 6, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 6, 2025
1 min readLast updated: January 21, 2026
BoE Governor Andrew Bailey predicts a gradual decline in interest rates, maintaining the central bank's benchmark rate at 4.0% after a close vote.
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)
The Bank Rate is the interest rate at which the central bank lends money to commercial banks. It influences borrowing costs and economic activity.
Monetary policy refers to the actions taken by a central bank to control the money supply and interest rates to achieve economic objectives.
Interest rates are the cost of borrowing money, expressed as a percentage of the amount borrowed. They affect consumer spending and investment.
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