Hunt urges Bailey not to cut interest rates too quickly

Jeremy Hunt has said he wanted “sustainably low interest rates” when asked about the Bank of England’s decision on Thursday to hold rates at . The Chancellor 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. Read more here: Subscribe to The Telegraph with our special offer: just £1 for 3 months. Start your free trial now: Get the latest headlines: and /telegraphtv are websites of The Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture. #interestrates #inflation #economics