Oral evidence: Bank of England Monetary Policy Reports, HC 143
23 May 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 23 May 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 tells MPs that high inflation may have changed how policy works.
Problems raised Inflation is around 10%. Monetary transmission may have changed. Behaviour differs at high inflation. Solutions proposed Keep tightening to return inflation to 2%. Monitor how transmission works now. Explain decisions to Parliament. 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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