With the new year in full swing, the Bank of England has released their 2020 Monetary Policy Report which sets policy's to keep inflation low and stable, which in turn supports growth and jobs across the country. Subject to maintaining price stability, the MPC is also required to support the Government's economic policy. The Government has set the MPC a target for the 12-month increase in the Consumer Prices Index of 2%. The 2% inflation target is symmetric and applies at all times.
Please follow the link below for the up to date report::