Thank you. It is a pleasure to speak at this event hosted by the OMFIF. In challenging times like those we are currently facing, the independent platform you provide – which brings the public and private sector together to discuss issues relating to central banking, economic policy and public investment – is more important than ever. The dominant theme for central banks around the world currently is the very elevated level of inflation. The Bank of England is certainly no exception, with UK CPI inflation reaching 9.1% in May, and projected to increase further to slightly above 11% by October. In view of continuing ... (full story)