Chance to discuss recession, inflation and interest rates with Bank of England agent at Thames Valley Chamber of Commerce forum
Members of Thames Valley Chamber of Commerce will have a chance to discuss the recession, inflation, and interest rates increase with Andrew Holder, agent for Central Southern England for the Bank of England, at its quarterly briefing on Thursday, November 10.
Last week, the Bank of England warned that the UK is already in recession that could last until 2024. The Bank increased interest rates by 0.75 per cent to three per cent – the largest single rate increase in three decades – in a bid to get inflation back to two per cent.
The Bank of England’s Agency for Central Southern England visits the Thames Valley on a quarterly basis, to gather information directly from local business leaders.
It is this data, together with equivalent data from the 11 other regional agents, that is fed back to the bank's Monetary Policy Committee in order to make a decision on the position of interest rates.
The briefing will be held at Green Park Conference Centre, Reading from 7.30am. Bookings can be made at https://www.thamesvalleychamber.co.uk/event-details/quarterly-inflation-report-briefing-with-the-bank-of-england/46830/
The bank also pays attention to the Quarterly Economic Survey from British Chambers of Commerce. Businesses can complete the survey at https://www.britishchambers.org.uk/page/quarterly-economic-survey-2
