WATCH LIVE: Bank of England Press Conference with Governor Bailey By Investing.com

Key Points

• Bank of England votes 8-0 to keep Bank Rate unchanged at 0.1%
• Bank of England votes 7-1 to maintain asset purchases; Saunders dissents
• Saunders preferred lowering target for stock of assets to £830 billion
• To begin to reduce stock of purchased assets by ceasing to reinvest maturing assets when Bank Rate has risen to 0.5%
• Sees CPI at 4.0% in 2021 (Prev. saw 2.50%); inflation expected to come back near 2% objective in the medium term
• Monetary Policy Summary and Minutes here
• Monetary Policy Report here

Watch the press conference with Bank of England Governor Bailey below