UK's Hunt wants 'sustainably low interest rates'


Reuters | London | Updated: 09-05-2024 19:12 IST | Created: 09-05-2024 19:12 IST
UK's Hunt wants 'sustainably low interest rates'
  • Country:
  • United Kingdom

British finance minister Jeremy Hunt said he wanted "sustainably low interest rates" when asked about the Bank of England's decision on Thursday to hold rates at 5.25%.

"What we want is sustainably low interest rates," Hunt told reporters.

"I would much rather that they waited until they're absolutely sure inflation is on a downward trajectory than rushed into a decision that they had to reverse at a later stage."

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