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The FTSE 100 and European indices rose on Tuesday morning in London as the Bank of England (BoE) governor Andrew Bailey said he doesn't expect a return to low rates, unless there is another unprecedented economic shock such as Covid or the financial crisis.
The FTSE 100 (^FTSE) rose 0.5% in early trade, while Germany's DAX (^GDAXI) climbed 0.8% and the CAC 40 (^FCHI) was 0.4% higher in France. Speaking to Kent Online, Bailey told the regional newspaper he expects a gradual drop in borrowing cos...
>>> Read more: FTSE 100 LIVE: Stocks gain as BoE's Bailey touts gradual reduction in rates
The FTSE 100 (^FTSE) rose 0.5% in early trade, while Germany's DAX (^GDAXI) climbed 0.8% and the CAC 40 (^FCHI) was 0.4% higher in France. Speaking to Kent Online, Bailey told the regional newspaper he expects a gradual drop in borrowing cos...
>>> Read more: FTSE 100 LIVE: Stocks gain as BoE's Bailey touts gradual reduction in rates
