Automated High Impact News Updates: Monetary Policy Report and Interim Financial Stability Report - May 2020

5/07/2020 12:06:00 PM


Our role is to ensure UK monetary and financial stability. We set interest rates to influence spending in the economy and to ensure inflation (the pace of price rises) returns to our 2% target sustainably. Low inflation supports jobs and growth. We ensure the UK financial system is resilient to, and prepared for, the wide range of risks it could face – so that the system can serve UK households and businesses in bad times as well as good. Covid-19 and the measures to contain its spread are dramatically reducing jobs and incomes in the UK. They have also put a big strain on UK businesses’ cash flow. We have put in ... (full story)

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