RUSHES: Bank of England press conference

Bank of England press conference; ENGLAND: London: Bank of England:INTClare Lombardelli (Deputy Governor for Monetary Policy, Bank of England), Andrew Bailey (Governor of Bank of England), Katie Martin (Head of Media and Stakeholder Engagement) and Dave Ramsden (Deputy Governor for Markets and Banking) press conference question and answer session SOTQ: Governor, do you think that the Low Pay Commission's new recommendation for a 4.1% pay,minimum pay rise in a minimum wage in 2026 will make it harder to get inflation back to target.Andrew Bailey (Governor of Bank of England) answering question SOT A: Well, we always say we take into account announced policies. So, by the way, that's obviously not an announced policy yet. I mean, the process is ongoing and underway. And we will take it into account when it comes out.I don't think it's appropriate for us to offer any judgment on what that should be because frankly, it'sa public policy decision which takes on board many things, many aspects I will, of course, say that Ithink it's important that the inflation, price stability, actually, and the benefits of that for the cost ofliving feature in the set of issues that are that are taken into account in considering that judgment.But that's as far as I will go, because I think that's as far as it's appropriate for the for the Bank ofEngland to go in that respect, to just remind that price stability is important. But there are manyother considerations, I fully recognize that. //