BAILEY SPEECH: WE WILL NOT MAINTAIN POLICY STANCE ANY LONGER THAN WE NEED TO DO
Andrew Bailey, Governor of the Bank of England, presents the Monetary Policy Report and responds to questions from the press following the Bank of England's (BoE) decision to leave the policy rate unchanged at 5.25%.
Key quotes
"Inflation moving back to around 2.7% is not an acceptable state of affairs, as a resting point."
"We will not maintain the policy stance any longer than we need to do"
"The good news on the economy has taken away the need for warning that rates could rise again."
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