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Aaron armstrong in the gb newsroom. The chancellor has welcomed the bank of englands decision to hold its base rate, saying its better not to rush into cutting Interest Rates. It has been left unchanged. Therefore, for a sixth time at 5. 25, the governor of the bank, Andrew Bailey, was optimistic. Hes hinted a cut may come as early as june, but says that is by no means a done deal. Jeremy hunt says things are improving. I welcome the fact that the bank of england has obviously thought about this very hard. They take this decision independently and i would much rather that they waited until theyre absolutely sure inflation is on a downward trajectory. And rushed into a decision that they had to reverse at a later stage. What reverse at a later stage. What we want is sustainably low Interest Rates and i think whats encouraging is that the bank of england governor for the first time, has expressed real optimism that were on that path. However, the shadow chief secretary to the treasury, d
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