Oxford University Press - Online Resource Centres

Gillespie: Foundations of Economics 2e

Unit 22

Inflation report
The Bank of England's quarterly Inflation Report was first published in 1993. The Report sets out the detailed economic analysis and inflation projections on which the Bank's Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for UK inflation over the following two years.
The Report starts with an overview of economic developments; this is followed by five sections:
• analysis of money and asset prices
• analysis of demand
• analysis of output and supply
• analysis of costs and prices
• assessment of the medium-term inflation prospects and risks

For more on aggregate demand, aggregate supply and equilibrium visit our visual walkthroughs.