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Oral evidence: Bank of England Monetary Policy Reports, HC 142

· 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, trade, fragmentation and geopolitics, labour markets and jobs

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· Andrew Bailey Wiki · Bank of England WikiOral evidence: Bank of England Monetary Policy Reports, HC 142

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
  1. Inflation is rising.
  2. Labour market gaps are widening.
  3. Monetary policy faces trade-offs.
Solutions proposed
  1. Raise rates.
  2. Monitor labour market inequality.
  3. Explain decisions to Parliament.
Read full speech on committees.parliament.uk ↗

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