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MNI BRIEF: BOE Bailey Says Inflation Fall To Continue

(MNI) London
(MNI) London

BOE Governor Andrew Bailey tells lawmakers that inflation will carry on falling and Swati Dhingra says policy is restrictive enough

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Bank of England Governor Andrew Bailey told lawmakers on the Treasury Select Committee that he is confident inflation would keep falling and that, hopefully, inflation expectations would continue to decline.

"Inflation is on a downward path" and the fall will continue, Bailey said, denying that the Monetary Policy Committee had any downside bias in predicting inflation.

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Bank of England Governor Andrew Bailey told lawmakers on the Treasury Select Committee that he is confident inflation would keep falling and that, hopefully, inflation expectations would continue to decline.

"Inflation is on a downward path" and the fall will continue, Bailey said, denying that the Monetary Policy Committee had any downside bias in predicting inflation.

Keep reading...Show less