Bank of England prepared to cut rates if job market slows, says governor

The Bank of England is prepared to make larger interest rate cuts if the job market shows signs of slowing down, its governor has said.In an interview with the Times, Andrew Bailey said "I really do believe the path is downward" on interest rates.Interest rates currently stand at 4.25% and will be reviewed at the Bank's next meeting on 7 August. They affect mortgage, credit card and savings rates for millions of…