Andrew Bailey, Bank of England governor has signalled a potential shift towards more aggressive interest rate cuts, offering hope to millions of mortgage holders. Bailey stated that rate reductions could become “a bit more aggressive” if inflation remains under control. If inflation remains in check, he said Bank might be able to be “more activist” over reducing borrowing costs. This announcement caused the pound to fall by nearly one per cent against both the US dollar and the euro. The news is particularly significant for the 2.2 million people with fixed mortgage deals set to expire over th…