<p><span>The Bank s Court of Directors acts as a unitary board, setting the organisation s strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.</span></p>
On one measure, UK inflation has hit 8% a year – and it’s likely to get worse before it gets better. John Stepek looks for light at the end of the tunnel, and explains what it all means for your money.