Andrew Bailey: “So it depends on how the events in the Middle East, frankly, unfold. And sadly, we all know this is highly…”

I didn’t ever ask to be a politician, but I am a public servant, and I knew I wanted to serve the people of the state of Missouri.

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 is not “edging towards a hike” – just that the Bank has held rates steady this time.

I’m comfortable to wait and see. Three of my colleagues thought it was already time to act.