Following the Bank of England (BoE) decision to leave the monetary policy rate unchanged at 0.1% and the asset purchase program at £ 895 billion, respectively, the BoE Governor Andrew Bailey, is making his comments on the political outlook.
Featured statements
“The UK and the global economy continue to face challenges as we recover from the pandemic.”
“The increase in unemployment after ERTE licenses is expected to be small.”
“The monetary policy can do little to influence inflation in the short term“.
“Inflation expectations for 2-3 years have risen less than short-term measures.”
“The Monetary Policy Committee judges that medium-term inflation expectations remain well anchored, they will monitor closely.”
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
