Bank Of England Governor Bailey: Today's Decision To Keep Interest Rates Unchanged Was A Proactive Choice, Not A Passive Outcome

Bank Of England Governor Bailey: We Have Not Heard Anything About Energy Supply Conditions Possibly Returning To Pre-conflict Levels Quickly

Bank Of England Governor Bailey: I Believe The Energy Price Trend In Scenario B Is More Credible Than That In Scenario A

Bank Of England Governor Bailey: Since Most Annual Wage Agreements Have Been Reached, It Will Take Some Time Before We Have A Clear Understanding Of The Wage Situation

Bank Of England Governor Bailey: Businesses Have Told Me They Are Having Difficulty Passing On Costs

Bank Of England Governor Bailey: The Longer The Problem Persists, The More Difficult It Will Be To Solve

Bank Of England Governor Bailey: The Extreme Volatility In Energy Prices Makes It Impossible To Assign Probabilities To Different Scenarios

Bank Of England Governor Bailey: Under Scenarios A And B, The Necessary Interest Rate Response Would Mainly Be To Refrain From The Rate Cut Expected In February And To Avoid Further Rate Hikes

Bank Of England Governor Bailey: There Is Considerable Room To Address Inflationary Pressures If Interest Rates Are Not Cut As Much As Previously Expected

Bank Of England Governor Bailey: Monetary Policy Faces Difficult Judgments Because It Cannot Wait For Conclusive Evidence Of A Second-round Effect

Bank Of England Governor Bailey: The Size Of The Second Round Of Inflationary Effects Is Highly Uncertain