Following the Bank of England's (BoE) decision to leave the policy rate and the Asset Purchase Facility unchanged at 0.1% and £895 billion, respectively, BoE Governor Andrew Bailey is delivering his remarks on the policy outlook.
Key quotes
"Cannot give a fixed time span for 'transitory' inflation."
"The longer the period of above-target inflation, the greater the chance it translates into expectations."
"Energy prices tend to go up then go down again, not stay permanently high."
