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Oral evidence: Bank of England Monetary Policy Reports, HC 419

· 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, growth, investment and productivity

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· Andrew Bailey Wiki · Bank of England WikiOral evidence: Bank of England Monetary Policy Reports, HC 419

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 tells MPs that policy uncertainty is holding back long-term investment decisions.

Problems raised
  1. Uncertainty affects investment decisions.
  2. Inflation's path is uncertain.
  3. Interest rates matter for long-term choices.
Solutions proposed
  1. Remove unnecessary policy uncertainty.
  2. Stabilise inflation expectations.
  3. Create conditions for long-term decisions.
Read full speech on committees.parliament.uk ↗

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