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Oral evidence: Bank of England Monetary Policy Reports, HC 143

· Andrew Bailey, Governor of the Bank of England (United Kingdom)

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· Andrew Bailey Wiki · Bank of England WikiOral evidence: Bank of England Monetary Policy Reports, HC 143

ContextHearing of the Governor and members of the Monetary Policy Committee before the House of Commons Treasury Committee on the Monetary Policy Report.

Why it mattersBailey defends an aggressive response to uncertain inflation persistence.

Problems raised
  1. Inflation persistence is uncertain.
  2. The economy faces recession.
  3. Policy uncertainty is high.
Solutions proposed
  1. Respond aggressively to uncertain inflation persistence.
  2. Explain decisions to Parliament.
  3. Monitor data closely.
Read full speech on committees.parliament.uk ↗

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