Andrew Bailey: “If we get a continuation of this conflict going on and oil prices stay above $100 a barrel... the odds are that interest…”

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

Please do not leave this room thinking that the Bank of England is edging towards a hike, because frankly, there's nothing in what I said, and I think any of us have said along those lines.

Inflation has fallen faster than expected but the conflict in the Middle East continues to mean high and volatile energy prices. That will cause inflation to rise again this year.

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.