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Statement from the Governor of the Bank of England
The Bank is monitoring developments in financial markets very closely in light of the significant repricing of financial assets. In recent weeks, the Government has made a number of important announcements. The Government’s Energy Price Guarantee will reduce the near-term peak in inflation. Last Friday the Government announced its Growth Plan, on which the Chancellor has provided further detail in his statement today. I welcome the Government’s commitment to sustainable economic growth, and to the role of the Office for Budget Responsibility in its assessment of prospects for the economy and public finances. The ... (full story)
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— Mehreen Khan (@MehreenKhn) September 26, 2022Emergency BoE statement with no rate action today: "The MPC will not hesitate to change interest rates by as much as needed to return inflation to the 2% target sustainably in the medium term" pic.twitter.com/qrmRqpzCar
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BOE: AS THE MONETARY POLICY COMMITTEE HAS STATED, THE IMPACT OF THE GOVERNMENT'S ANNOUNCEMENTS AND THE FALL IN STERLING ON DEMAND AND INFLATION WILL BE FULLY ASSESSED AT THE MONETARY POLICY COMMITTEE'S NEXT SCHEDULED MEETING.
— Breaking Market News (@financialjuice) September 26, 2022
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