Bank of England Governor Bailey: The annual supply-side review report will be released in November.

Broadbant, deputy governor of the Bank of England: The mortgage transmission effect is only equivalent to a quarter of the monetary policy transmission mechanism.

Bailey, Governor of the Bank of England: The interest rate increase in June was almost completely transmitted to demand deposits, which is different from the past.

Bank of England Governor Bailey: The economy is more resilient than expected, and I would not use words like "painful" to describe the impact of policy.

Bank of England Deputy Governor Broadbent: I think it is difficult to determine the neutral level of interest rates.

Bank of England Deputy Governor Broadbent: UK interest rate policy is now tight.

Bank of England Deputy Governor Broadbent: UK interest rates may now be above the neutral rate.

Bank of England Governor Bailey: We will have to respond to more persistent evidence of inflation.

Bank of England Governor Bailey: There is no preset path for interest rates.

Bank of England Governor Bailey: Unemployment remains historically low.

Bank of England Governor Bailey: The UK economy is more resilient than expected.

Bailey, Governor of the Bank of England: The major fundamental effects in the energy sector have not yet emerged.

Bank of England Governor Bailey: Lower UK energy prices will help lower inflation.

Bailey, Governor of the Bank of England: this year will be affected by two considerable base effects, and the level of inflation will be lower.

Bank of England Governor Bailey: I disagree with the statement that the Bank of England has lost control of inflation.

Bank of England Deputy Governor Broadbent: We need to ensure that the medium-term average interest rate is high enough to bring inflation back to the target level.

Bank of England Governor Bailey: Given the lagged nature of monetary policy, it is not surprising that evidence of the impact of interest rates will take time to emerge.

Ramsden, deputy governor of the Bank of England: The risks did not suddenly materialize, and as the risks emerged, we had to continue to raise interest rates this year.

Bailey, Governor of the Bank of England: The current interest rate policy is tight and can have an impact on the economy.