WATCH LIVE: BoE Governor Bailey holds press conference after May’21 decision By Investing.com

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: