Bank of England Governor Andrew Bailey said in the post-BoE meeting press conference that no decision has yet been made over whether or not to carry out active sales of the bank's UK government bond holdings, report Reuters.
Additional Remarks:
The labour market is very tight.
The question continues of how exactly savings built up during covid will be used.
BoE Deputy Governor Ben Broadbent said that a rise in mortgage costs from rising interest rates is a fraction of the hit from higher energy costs.
The biggest driver downward of UK inflation will be the shock to real incomes, not monetary policy.
In terms of pain, the biggest driver is the real-income shock from energy prices and the change in terms of trade.
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