Bank of England (BoE) Governor Andrew Bailey delivers the Monetary Policy Report and responds to questions from the press after deciding to lower the policy rate by 25 basis points at the August meeting.
Key takeaways
“I do not think higher UK borrowing costs reflect concern about BoE focus or government borrowing.”
“There is no particular UK story in the rise in bond yields.”
“Risks are quite real and very apparent on both inflation and growth.”
“Pay growth has come in lower than we expected in May.”
