Economics / Markets

Meeting prompted by tumultuous week for banks across the world

OBR also forecasts inflation set to fall to 2.9%

Chancellor set to receive a windfall to the tune of £30bn

Collapse is not an echo of 2008 - this time it is different

MPC member Swati Dhingra spoke on the issue

Inflation is forecast to drop to under 5% in the coming year

Time to acknowledge the 'foggy nature' of current conditions

UK domestic inflationary pressures had been 'firmer than expected'

Due to weakness in the economy and labour market shortages

Bank of England governor stressed concerns around money-market funds