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WATCH LIVE: Bank of England Press Conference with Governor Bailey

Published 05/08/2021, 12:41
Updated 05/08/2021, 12:43
© Reuters

Key Points

  • Bank of England votes 8-0 to keep Bank Rate unchanged at 0.1%
  • Bank of England votes 7-1 to maintain asset purchases; Saunders dissents
  • Saunders preferred lowering target for stock of assets to £830 billion
  • To begin to reduce stock of purchased assets by ceasing to reinvest maturing assets when Bank Rate has risen to 0.5%
  • Sees CPI at 4.0% in 2021 (Prev. saw 2.50%); inflation expected to come back near 2% objective in the medium term
  • Monetary Policy Summary and Minutes here
  • Monetary Policy Report here

Watch the press conference with Bank of England Governor Bailey below

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