BOE's Bailey: Makes Sense To Move Rates in 25 BPS Steps

The transcript covers a discussion on monetary policy, focusing on interest rate decisions and their implications. It explores the reasoning behind choosing a 25 basis point increase over 50, considering market expectations and economic forecasts. The conversation also delves into the central bank's balance sheet management and the effects of quantitative easing. Finally, it examines the potential impact of interest rates on unemployment, highlighting the uncertainty and need for careful policy adjustments.

How does the speaker describe the importance of evidence in making monetary policy decisions?

What does the speaker imply about the future path of interest rates based on current forecasts?

What considerations does the speaker mention regarding the central bank's balance sheet?