Bank of England (BoE) Governor Andrew Bailey explains the decision to maintain the bank rate at 3.75% in a 6-3 vote split following the July monetary policy meeting and responds to questions from the press.
Key quotes
“UK market curve is entirely consistent with our reading of the economy.”
“Should attach a lower than usual probability to BoE’s central scenario.”
“Situation in Gulf feels as uncertain as it did a few months ago.”
“Encouraging that CPI is below where we thought it would be.”
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