The Bank of England has published a transcript or summary of a public engagement by the Governor, providing insight into the Governor's thinking on the economic outlook and the conduct of monetary policy.
The Governor's remarks covered a range of topics, including the outlook for inflation and growth, the factors that will influence the Monetary Policy Committee's decisions, and the Bank's assessment of the risks to the economic outlook. The Governor emphasised the uncertainty that surrounds any economic forecast and the importance of humility in the face of that uncertainty.
The publication is part of the Bank's commitment to transparency and to ensuring that the public can understand the basis on which the Bank's decisions are made. The Bank has said it will continue to publish transcripts and summaries of the Governor's public engagements.
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