BOE's Bailey: We believe inflation will fall quite rapidly befor the summer

  • Comments after the BOE decision
Bailey
  • Feb inflation data means we need to see fall in inflation happen
  • We will go on making decisions needed for sustained, low inflation
  • We have been able to fix problems in banks
  • We have raised interest rates a lot already

The market is at 50/50 pricing on a 25 bps hike at the next meeting on May 11 but the top is near.

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