Live: Bank of England governor Andrew Bailey faces questions on interest rate increases

Watch live as Andrew Bailey, the governor of the Bank of England, faces questions on interest rates.
Mr Bailey is facing parliament's Treasury Committee alongside the central bank's chief economist Huw Pill and its Monetary Policy Committee members Catherine Mann.
The economists are being questioned over the bank's decision to increase interest rates for the 12th time in a row earlier in May to its highest level in 15 years at 4.5 per cent.
In a statement shared at the time of the latest raise, the Bank of England said it was raising rates because inflation was too high - 10 per cent instead of its targer 2 per cent - and it was the best way to try and bring down inflation.
The rate of inflation has increased in part due to rising food prices.
Moreover, many homeowners now face the prospect of higher monthly mortgage payments - the Bank of England estimated that up to four million households would be affected.
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[@369dabbler]

Get this guy out
He was useless at FC A and is repeating his pattern at BOE