R0btZnyR
type: Answer
type: WrittenAnswer
answer has question: u1At33NT
answer has answering person: A9lFjU0c
answer text: The Monetary Policy Committee (MPC) has raised interest rates, which is helping to bring inflation down and return to the 2% target sustainably. The Government's responsible approach to borrowing has helped support the MPC as it brings inflation down. The Office for Budget Responsibility expects CPI inflation to fall to the 2% target in the second quarter of 2024, a year earlier than they expected in November.
answer given date: 2024-04-08+01:00
answer has answering body: HYfypSOE
written answer has answering body: HYfypSOE