In the News
UK interest rates likely to remain high for some time
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
28th November 2023
More smoke signals from the Bank of England regarding the future direction of monetary policy, with the Governor, Andrew Bailey, signalling that there's little immediate prospect of a reduction in interest rates. Whilst inflation is expected to fall below 4% in the early months of next year, getting it down any further still looks challenging.
![](https://tutor2u-net.imgix.net/subjects/economics/downloads/rates_nov_2023.png?auto=compress%2Cformat&fit=clip&q=80&w=800)
The Governor of the Bank of England has suggested that interest rates aren't coming down soon, arguing that inflation's still not on track to return to target, and that loosening monetary policy at this stage would be a retrograde step.
You might also like
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Twin Peaks for the UK Economy
19th October 2014
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Deflation and the Exchange Rate
19th April 2015
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
Monetary Policy and Inequality - New Evidence
27th August 2015
China's Impossible Trinity
9th September 2015
Negative Interest Rates (Financial Economics)
Study Notes
Fiscal Policy - Explaining Automatic Stabilisers
Topic Videos
4.5.2 Taxation (Edexcel)
Study Notes