Accompanying slides of the speech.
Good morning everyone.
It is a great pleasure to speak here at Kings College and the Qatar Centre. I would like to thank the organisers of the conference for their invitation and hospitality.
In my remarks today, I aim to make three points: (1) to emphasise the MPC's focus on returning inflation to its 2% target; (2) to re-call the drivers of recent inflation developments and how they have shaped the MPC's policy actions; and (3) to re-state and unpack the MPC's most recent communication about the outlook for monetary policy decisions.
Working through these three points has the character of 'peeling an onion': progressively working from the most visible public comments towards more detailed or technical arguments. I hope each of the different audiences that I seek to address today – from the wider public, through the media and market participants, to the experts attending this conference – can find some layer of the onion that speaks to them.