Andrew Bailey, the Governor of the Central Bank of England, has joined the camp of cutting interest rates.

On August 1st, Jin10 Data reported that the interesting thing about the Central Bank Intrerest Rate resolution in the UK was that the Central Bank passed the interest rate cut decision with a 5-4 vote, and Governor Bailey voted for the interest rate cut. In August 2005, the Bank of England also passed an interest rate cut decision with such a tight ratio, but at that time, Governor Mervyn King stood in the opposing camp. Subsequent developments also proved that he was right, and the UK economy accelerated again, and house prices skyrocketed after a brief period of calm, To The Moon, which led to excessive leverage in the UK private sector, making it unable to cope with the 2008 financial crisis. Bailey certainly does not want the situation 19 years ago to be repeated.