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WATCH LIVE: BoE Governor Bailey holds press conference after May’21 decision

Published 06/05/2021, 12:52
Updated 06/05/2021, 12:54
© Reuters

Key Points

  • Bank of England voted 9-0 to keep interest rate unchanged
  • Voted 8-1 to keep stock of asset purchases unchanged, Haldane dissented
  • To slow pace of asset purchases, not a change in monetary policy stance
  • Does not intend to tighten policy until inflation target reached sustainably
  • 2021 GDP growth forecast raised to 7.25% (previous forecast 5.00%)

Watch the monetary policy report press conference with Bank of England Governor Bailey using the link below:

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