Governor of the Bank of England Andrew Bailey addresses the media during a press conference concerning interest rates, at the Bank of England, in London, Britain, November 2, 2023.
"The rest of it has to be done by policy and monetary policy," Bailey said in an interview with website ChronicleLive published on Monday.
The second half, from there to two, is hard work and obviously we don't want to see any more damage."
Bailey acknowledged the impact of higher interest rates on households caused by higher mortgages and rents.
But he repeated his message that it was too soon for the BoE to think about cutting interest rates.
Persons:
Bank of England Andrew Bailey, HENRY NICHOLLS, Andrew Bailey, Bailey, ChronicleLive, BoE, it's, William Schomberg, Sarah Young
Organizations:
Bank of England, Thomson
Locations:
London, Britain