have voted to maintain bank rates at 5.25%. monetary policy remains restrictive. let me be clear, there is absolutely no room for complacency. inflation is still too high. we will keep interest rates high. we will keep interest rates high enough for long enough to make sure we get inflation all the way back to the 2% target. we will be watching closely to see if further increases are needed but even if they are not it is much too early to think about rate cuts. i m going to talk about inflation over the coming months and that i will turn to the outlook for the economy further ahead. and means for monetary policy. to start with the near term outlook for inflation. chart one from the report shows consumer price inflation and its components since 2019. it shows how inflation has continued to fall since the previous report in august. watch as we expected. inflation took a step down in the data forjuly published two weeks after the august report. as you can see in our near term pe
down the covid secure route. yes. last point in this section is one of you looking ahead steps and we know that we shifted in the rolls over this period of time. you say this. don t go for simple, rigid rules if it is likely you are going to have to bury them or have limited ability or intention to enforce them. that is correct or intention to enforce them. that is correct 50 or intention to enforce them. that is correct. so it or intention to enforce them. that is correct. so it builds or intention to enforce them. that is correct. so it builds on the earlier is correct. so it builds on the earlier point about rules. so the worse earlier point about rules. so the worse thing to do is to say that this is worse thing to do is to say that this is the worse thing to do is to say that this is the rule and then you can see att this is the rule and then you can see all around that it is being broken see all around that it is being broken i see all around that it i
always, to consult parliament beforehand because of the disclosure of information, and that is why having been briefed on the operation this week i haven t called for anything more than the statement that i am expecting from the prime minister tomorrow. you that i am expecting from the prime minister tomorrow. minister tomorrow. you also said back then that minister tomorrow. you also said back then that you minister tomorrow. you also said back then that you had minister tomorrow. you also said back then that you had a - minister tomorrow. you also said i back then that you had a commitment to review all uk arms sales, would you still do that if you win the election? . . you still do that if you win the election? you still do that if you win the election? , , ., election? yes, we still need to carry out election? yes, we still need to carry out that election? yes, we still need to carry out that review election? yes, we still need to carry out that review of i election?
is an endless cycle of violence, a repetition of the horrific events that we have seen, and lives of insecurity and conflict for people insecurity and conflict for people in the region which is what virtually no one wants. the work that needs to be done to get on that first pass, the steps that need to be taken, the commitments the countries need to make, this is what we will be talking about in the days ahead. i m happy to take some questions. ahead. i m happy to take some question ahead. i m happy to take some cuestions. ., ~ questions. thank you. mr secretary, in terms of questions. thank you. mr secretary, in terms of today, questions. thank you. mr secretary, in terms of today, what questions. thank you. mr secretary, in terms of today, what specifically i in terms of today, what specifically did you in terms of today, what specifically did you ask in terms of today, what specifically did you ask or in terms of today, what specifically did you ask or did in terms of
which handles the traditional lebanese service, professionalism and dedication. all in all, the european union remains ready to support lebanon. because supporting lebanon is a way of contributing to the security and peace in the region. thank you. you have been listening there to the top eu diplomat at a news conference with the lebanese foreign minister. let s listening to some of the questions. let s listening to some of the questions- let s listening to some of the cuestions. ., ., ., ~ ., ., questions. you are talking about how this war is affecting questions. you are talking about how this war is affecting the questions. you are talking about how this war is affecting the region - questions. you are talking about how this war is affecting the region and i this war is affecting the region and the escalation this war is affecting the region and the escalation is this war is affecting the region and the escalation is going this war is affecting the region and the escalation