WATCH LIVE: Bank of England Press Conference with Governor Bailey By Investing.com
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...
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