BoE Interest Rates To Rise Or Fall Based on Real GDP Growth

Against my better judgement, I have cut interest rates again in order to aid Growth. But the last cut did not produce any additional Growth, and if it does not in fact cause Growth, there is little point to the cut. The headline inflation figure sits below 1%, however one of the largest deflationary pressures, the strong pound, is likely to invert in the next 12 hours as bond payments start flying out en masse. This could cause as much as a 2% swing in inflation. I again thank the government for its prudent fiscal stance at this time. Whatever my criticisms of some individual policies, the budget is in a very good place to weather the storm of inflation. Should Real GDP figures continue to stagnate, and Forex pressures invert, bond traders should expect interest rates to rise again to compensate. Thank you for your attention to this message.