QUOTES-Bank of England press conference after rate hike
The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%.
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- United Kingdom
The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%. Below are quotes from Governor Andrew Bailey and deputy governors Ben Broadbent and Dave Ramsden.
BAILEY ON INFLATION TARGET "Returning inflation to the 2% target remains our absolute priority. There are no ifs and buts about that."
"All options are on the table for our September meeting and beyond that."
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