The Governor of the Bank of England, Andrew Bailey, told the press conference after the Bank of England meeting that no decision has yet been made on whether or not an active sale of UK government bonds will take placeas reported by Reuters.
Additional comments
The labor market is very tight.
The question continues on How exactly will the savings generated during covid be used?.
BoE Deputy Governor Ben Broadbent said that an increase in mortgage costs from rising interest rates is a fraction of the impact of higher energy costs.
The biggest downward driver of UK inflation will be the impact on real incomesnot monetary policy.
In terms of pain, the biggest driver is the impact on real income from energy prices and the change in the terms of trade.
Source: Fx Street

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