The Bank of England might lower the interest rates if fewer people have jobs.
The boss of the bank, Andrew Bailey, thinks rates will go down soon, maybe a lot!
Right now, the rate is 4.25%, and they'll check again on August 7th; this affects our savings.
This is because the country's economy isn't growing as fast as it should, and things are getting more expensive.
Learn English with En30s
Our simplified news summaries make learning English easy and efficient. Whether you're a beginner or an advanced learner, we have the right level for you. Choose from our easy, normal, or hard summaries and improve your English skills today!
