Oral evidence: Bank of England Monetary Policy Reports, HC 143
16 May 2022 · Andrew Bailey , Governor of the Bank of England (United Kingdom)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability , climate, energy and nature , trade, fragmentation and geopolitics
AB 16 May 2022 · Andrew Bailey Wiki · Bank of England Wiki Oral evidence: Bank of England Monetary Policy Reports, HC 143 Context Hearing of the Governor and members of the Monetary Policy Committee before the House of Commons Treasury Committee on the Monetary Policy Report.
Why it matters Bailey explains to MPs the trade-offs of raising rates during an energy shock.
Problems raised Inflation is rising fast. Energy shocks hit incomes. Monetary policy faces hard trade-offs. Solutions proposed Raise rates to curb inflation. Explain decisions to Parliament. Watch for second-round effects. Read full speech on committees.parliament.uk ↗ More from Andrew Bailey · Bank of England · all speeches
More speeches by Andrew Bailey Other leaders on monetary policy and interest rates
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