Economics
BOE’s Bailey Tells MPs He Sees Low U.K. Rates for Long Time
- Governor Andrew Bailey speaks to committee of Tory lawmakers
- Bailey says the BOE ‘will do everything to support economy’
This article is for subscribers only.
U.K. interest rates are likely to stay low for a long time, Bank of England Governor Andrew Bailey told lawmakers from the ruling Conservative Party on Wednesday, according to two people attending the meeting.
The governor also told the closed meeting of the 1922 Committee of the party’s rank-and-file members of parliament that the central bank “will do everything we can to support the economy,” according to the people, who asked not to be named talking about private discussions.