Claim False

The end-of-year inflation forecast was increased from 3.9% to 5.4% on M...

Andrew Bailey: The end-of-year inflation forecast was increased from 3.9% to 5.4% on May 11, 2023. Published May 23, 2023. Status: False. The Bank of England's...

The end-of-year inflation forecast was increased from 3.9% to 5.4% on May 11, 2023.

FactTracker assessment

The Bank of England's Monetary Policy Report, published on May 11, 2023, indeed revised the end-of-year infla...

Original source: committees.parliament.uk