Bailey speech: Last policy decision was a tight one

Bank of England (BoE) Governor Andrew Bailey spoke at the Institute of International Finance Annual Membership Meeting, in Morocco, on Friday.

Additional quotes

Last policy decision was a tight one.

Future decisions will continue being tight.

Policy is restrictive and it has to be.

Sees progress on inflation but there is still work left to do.

Market reaction

At the time of writing, GBP/USD is trading at above 1.2200, up 0.33% on the day.