BOE's Bailey: It is too soon to discuss about cutting interest rates

  • Remarks by BOE governor, Andrew Bailey
  • Getting inflation down to 2% will be hard work
  • A lot of the recent fall in inflation is due to unwinding of energy cost surge

At least he's making sure that they're not communicating a fall to 2% inflation being a given. And he can take in added comfort as well that the UK economy did not perform as poorly as anticipated so far in Q4.

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