This includes a new transparency initiative that we’ll be introducing this January. Yesterday’s decision So, let’s dive right in. Yesterday, the Bank’s Governing Council decided to increase the policy interest rate by 50 basis points, to 4¼%.
Our deliberations centred on the three areas we said we would be watching closely: how supply challenges are resolving, how higher interest rates are slowing demand, and how inflation and inflation expectations are evolving. I would like to thank Mikael Khan and Daniel de Munnik for their help in preparing this speech.