Winter 2024 Press Conference

There have been, since the summer, small glimmers of hope. A slowdown in the rate of inflation led to the MPC in September – after fourteen successive interest rate rises – voting to keep the current rate unchanged. Recent revisions to the GDP figures demonstrated that our economic performance since Covid-19 had been stronger than previously thought, with faster growth than some of our European neighbours. However, with a war on European soil still going on, stretched public services, crumbling…