The Monetary Policy Committee voted by a majority of 5-4 to increase #BankRate to 0.5% and voted unanimously to begin to reduce the amount of quantitative easing. Find out more in our #MonetaryPolicyReport: b-o-e.uk/MPR-Feb-2022 
Inflation is above our 2% target. We expect it to rise to around 7% in the spring, but then fall back and be close to our 2% target in around two years’ time. b-o-e.uk/MPR-Feb-2022 #MonetaryPolicyReport #Inflation
The UK economy continues to recover. We expect the UK economy to grow over the next few years. b-o-e.uk/MPR-Feb-2022 #MonetaryPolicyReport
We have increased interest rates to support inflation returning to our 2% target. Making sure inflation returns to target will support people’s jobs and incomes. b-o-e.uk/MPR-Feb-2022 #MonetaryPolicyReport
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