The new system appears to have made an encouraging start so far with inflation expectations having come down at a time when unemployment has continued to fall. The combination of steady growth and low inflation witnessed in recent years would have been the envy of previous generations of policymakers.
Published on 16 May 2002
// News // Monetary Policy Committee (MPC)
Bank Rate maintained at 0.75% - September...
Bank Rate maintained at 0.75% - September 2019
// News // News release