· Andrew Bailey Wiki · Bank of England WikiOral evidence: Bank of England Monetary Policy Reports, HC 142
Read full speech on committees.parliament.uk ↗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 about widening labour market gaps.
Problems raised
- Inflation is rising.
- Labour market gaps are widening.
- Monetary policy faces trade-offs.
Solutions proposed
- Raise rates.
- Monitor labour market inequality.
- Explain decisions to Parliament.