Bank of England urged to cut rates ‘aggressively’ to save economy

Andrew Bailey and his panel of rate-setters ‘should aim to run the economy slightly hot’, the IPPR says - Andy Rain/EPA/Shutterstock The Bank of England has been urged to cut interest rates “aggressively” to avoid leaving “growth on the floor”. Economists at the Institute for Public Policy Research (IPPR), a think tank with ties to Labour, have called on Threadneedle Street’s policymakers to move quickly to lower borrowing costs. They said in a new report: “The Bank of England should loosen monetary pol ...