The Monetary Policy Committee voted by a majority of 6-3 to hold #BankRate at 5.25%. Find out more in our #MonetaryPolicyReport: https://t.co/DlCn88I5ut
Andrew Bailey explains today’s decision on interest rates. Inflation has fallen a lot in recent months, and we think it will continue to do so. That’s welcome news. But there is no room for complacency.
Inflation is falling. That’s good news. We now need to ensure it falls all the way back to our 2% target and stays there. That’s why we’ve raised rates to 5.25% today. Andrew Bailey sets out more on the interest rate decision below.
We expect inflation to fall further this year, to around 5%, and meet our 2% target by early 2025. https://t.co/fGooUBPP4w #MonetaryPolicyReport#inflation
Higher interest rates make it more expensive to borrow money. Higher borrowing costs are difficult for many people - but if we do not raise rates, high inflation will last longer and make things worse. https://t.co/fGooUBPP4w #MonetaryPolicyReport
The Monetary Policy Committee voted by a majority of 6-3 to raise #BankRate to 5.25%. Find out more in our #MonetaryPolicyReport: https://t.co/fGooUBPP4w
Join us online next Tuesday, 4th July, as Alex Golledge from @BoEYorkshire delivers an annual economic update. Alex will cover the recent economic conditions, and the Bank's central forecast for the UK economy. Join us for free by registering below.
https://t.co/OVe9Dm73bA
On Tuesday 4 July Alex Golledge from Bank of England will be providing an annual economic update. Alex will discuss the current economic conditions, and the Bank’s central forecast for the UK economy. Join us online for free by registering here
https://t.co/9XSvdWyTJF
Andrew Bailey sets out why we have raised rates by 0.25% today. The economy is doing better, but inflation is still too high. Raising interest rates is the best way we have of making sure inflation falls and stays low. https://t.co/zsyOpkm1FD
We expect inflation to fall quickly this year. It’s our job to make sure that inflation returns to our 2% target. Low and stable inflation is vital for a healthy economy. https://t.co/zsyOpkm1FD #MonetaryPolicyReport#inflation
We’ve put up interest rates to make sure inflation falls and stays low. Raising interest rates is the best way we have to bring inflation down. https://t.co/zsyOpkm1FD #MonetaryPolicyReport
The Monetary Policy Committee voted by a majority of 7-2 to raise #BankRate to 4.5%. Find out more in our #MonetaryPolicyReport: https://t.co/zsyOpkm1FD
Andrew Bailey shares a series of recent lessons for monetary and financial stability. He looks at how they all fit together and the challenges they pose. https://t.co/Lc8hTEFBh4 @IIF
Andrew Bailey explains why we have raised rates by 0.25% today. Inflation is still too high, but we continue to expect it to fall sharply from the middle of this year. Raising interest rates is the best way we have of making sure that happens.
Thank you to Richard Mills, Liam Robinson and Denzil Lawrence @BoeingUK for hosting Governor Andrew Bailey at your Sheffield factory last week. We learnt alot about advanced manufacturing and it was great to speak to some of your apprentices. AG & PM