PHOTO
Bank of England Governor Andrew Bailey reacts during the Monetary Policy Report press conference in London, Britain, May 8, 2025. REUTERS/Carlos Jasso/Pool
Bank of England Governor Andrew Bailey said on Thursday interest rates were not on "auto-pilot" and cannot be, and the central bank must continue to respond carefully to the evolving economic circumstances and the outlook for inflation.
He was speaking at a press conference after the Bank of England cut its main interest rate by 0.25 percentage points to 4.25%.
(Reporting by David Milliken, William Schomberg and Suban Abdulla, writing by Sarah Young, editing by Catarina Demony)