The Governor of the Bank of England (BoE), Andrew Baileygives his speech on the outlook for monetary policy and answers questions from the press after the central bank’s decision to raise the official interest rate by 50 basis points, to 4%, in February.
Featured Comments
“BoE forecasts suggest that inflation will come down, it will fall quite sharply“.
“Inflation may not fall as expected, we are in unknown territory with inflation above 10%.
“Very high inflation could influence wage and price setting more than we assume in our main forecast.”
“Inflation risks are more skewed to the upside than at any other time in the history of the Monetary Policy Committee”.
“It’s too early to declare victory Still, the pressures on inflation are still there.
“We have to be absolutely sure that we are monopolizing inflation.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
