BoE boss: Inflation expected to fall sharply in near future

Video Credit: ODN
Published on May 17, 2023 - Duration: 01:12s

BoE boss: Inflation expected to fall sharply in near future

The governor of the Bank of England has said although inflation remains "higher than expected", there is still reason for optimism ahead of April figures being released next week.

Andrew Bailey told the British Chambers of Commerce annual global conference: "We do, however, have good reasons to expect inflation to fall sharply over the coming months โ€ฆ energy prices have fallen from their peaks, and that will now start to come through as lower inflation." Report by Buseld.

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Bank of England

Central bank of the United Kingdom
For some reason which no-one can quite remember, when economists talk about interest rates they invariably find themselves referring to species of birds.
Credit: Sky News - Published 1 week ago

The Bank of England interest rate has been kept at 5.25% for a fifth consecutive time, but says the prospects for a cut are "moving in the right direction".
Credit: Sky News - Published 1 week ago



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