BOE’s Bailey: Inflation is falling and we expect it to fall further this year

  • That is welcome news
  • Previous rate hikes are working but inflation is still not where it needs to be
  • There is absolutely no room for complacency
  • Will be watching closely to see if further rate hikes will be needed
  • Will need to keep rates high enough and long enough to get the job done
  • Will do whatever is needed to get inflation back to normal

This article was written by Justin Low at Source