The Monetary Policy Committee voted by a majority of 8-1 to increase #BankRate to 1.75%. Find out more in our #MonetaryPolicyReport: b-o-e.uk
Inflation is over 9%. We expect it to rise further this year to around 13%, due to higher energy bills. b-o-e.uk #MonetaryPolicyReport #Inflation
We’ve put up interest rates to help return inflation to our 2% target. What happens to interest rates in the coming months will depend on what happens in the economy. b-o-e.uk #MonetaryPolicyReport
We expect inflation will be close to our 2% target in around two years. It’s our job to make sure that inflation returns to our 2% target, and that is what we will do. b-o-e.uk #MonetaryPolicyReport #Inflation
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