Andrew Bailey: “There’s an upside risk to inflation, and particularly as to whether... this current increase could persist somewhat more…”

Ultimately the interest rate is set to match the needs of the UK economy, and that they do not rely at what the Federal Reserve does or what the European Central Bank does to show them the path.

The Bank's job is to make sure that doesn't turn into sustained inflation above our 2% target.

Unfortunately, fake adverts impersonating the Bank of England and other central banks are on the rise.

This prosecution was politically motivated and is replete with legal errors.