BOE’s Bailey: We expect inflation to come down rapidly this year
We have a very tight labour market (Bailey) There is substantial further monetary policy tightening still to come (Pill) There is no room for complacency (Pill) Anticipates an extended period of weakness in UK economic activity (Pill) Economic theory shows inflation uncertainty should be met with more forceful action (Haskel) There isn’t anything new here […]
BOE’s Pill: Rate hike yesterday was necessary and appropriate
Does not want to steer market rate expectations on day to day basis We have to recognise that we have done a lot with monetary policy already MPC has changed language quite substantially It is important we do not do too much on monetary policy We have reasonably high degree of confidence that inflation will […]
Weekend – BoE’s Mann says price caps on energy could be boosting other inflation
Bank of England Bank of England The Bank of England (BoE) functions as the United Kingdom’s central bank and is one of the key drivers of monetary policy in Europe. As one of the world’s oldest central banks and established in 1694, the BoE is owned by the British government. Its central mandate involves maintaining and targeting […]