Bank of England

Raises hopes that a recession could be avoided this year

MPC members narrowly voted to raise interest rates by 25bps after inflation fell

Increase had been expected despite headline CPI falling 0.1 percentage points in

BoE chief economist warns fight against rising prices is not over

UK GDP up 0.2% for Q2 2023

Inflation has begun to ease

Highest rates since February 2008

Pill has written to the Treasury Select Committee

Report outlines a ‘missed opportunity’ to improve resilience

‘Inflation target applies at all times’