# Monetary Policy Report - May 2023

> The Bank of England's May 2023 Monetary Policy Report explains its 4.5% policy rate and says UK inflation has been around 10% since last summer. It attributes part of the inflation to higher gas and wheat prices after Russia's invasion of Ukraine. It also sets out the expected path for inflation.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/36193-monetary-policy-report-may-2023
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The report is a macro policy document with little direct bearing on feed grain supply or demand.

## Sources

- bankofengland.co.uk: https://www.bankofengland.co.uk/monetary-policy-report/2023/may-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.