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BOE's Bailey: Inflation has turned the corner

BOE's Bailey: Inflation has turned the corner
Services inflation is tracking more or less as we thought in FebruaryWill adjust bank rate as necessary to return inflation sustainably to medium-term targetIf evidence of more persistent pressures, then further tightening in policy would be requiredHis remarks come ahead of the UK CPI data tomorrow, which is expected to show a notable decline in annual headline inflation. But just keep in mind that the April drop in the UK would be akin to the March drop in the Eurozone, which owes much to an a... Read More
Posted: May 23 2023, 09:21
Author Name: forexlive
Views: 112553

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