Reported 10 months ago
The Bank of England hinted at a possible interest rate cut, just 28 days after the general election, which could provide a boost to Labour leader Keir Starmer, as PM Rishi Sunak's Conservatives face challenges due to a cost-of-living crisis. Polls indicate that the rate cut could improve sentiments for Labour. The decision on the rate cut is finely balanced, with markets betting on a better-than-even chance of easing policy at the next meeting. The move is seen as central to the Conservative campaign strategy, although Sunak surprised by calling for early elections before summer.
Source: YAHOO