BBCNEWS BBC News at One November 4, 2021 13:14:00
There was speculation it might raise rates to head off surging inflation. our economics correspondent, andy verity, is at the bank. so they refused to pull the trigger? yes, that's right. it was quite a surprise and we have seen a reaction on the money markets. the pound is down by about 1% this morning because most people expected them to raise rates. i havejustjumped out of a press conference where the decision makers like the governor andrew bailey are being asked rather obvious questions. ok, so you are saying inflation is going to get up to 5% by next april, the highest it has been in ten...