BoE’s Bailey: Inflation to come down to target by spring
Adding further to comments made earlier while testifying before the UK Economic Affairs Committee, Bank of England (BoE) Governor Andrew Bailey noted a firm confidence that the UK’s central bank is on pace to achieve inflation targets.
Key highlights
- Inflation to come down to target by spring.
- What happens to inflation in spring will not determine monetary policy stance.
- Market demand for UK debt is strong, has been strong since the start of the year.
- BoE Bailey’s earlier statement: Short-term equilibrium interest rate has probably gone up.