Oral evidence: Bank of England monetary policy reports, HC 143.
9 February 2023 · 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
AB 9 Feb 2023 · 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 answers criticism that the Bank raised rates too late.
Problems raised Critics say the Bank raised rates too late. Inflation ran away. Big shocks hit inflation. Solutions proposed Explain the timing of tightening. Respond to shocks appropriately. Return inflation to target. Read full speech on committees.parliament.uk ↗ More from Andrew Bailey · Bank of England · all speeches
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