"Since the November monetary policy report we've seen the first signs that inflation has turned the corner," Bailey said in a speech after the BoE raised interest rates to 4% on Thursday from 3.5%
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LONDON - The Bank of England is seeing the first signs that high rates of inflation are now coming down, Governor Andrew Bailey said on Thursday.
"Since the November monetary policy report we've seen the first signs that inflation has turned the corner," Bailey said in a speech after the BoE raised interest rates to 4% on Thursday from 3.5%.
(Reporting by UK bureau, writing by Andy Bruce; editing by Michael Holden)
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