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BoE: Inflation ‘below where we thought it would be’

Video Credit: ODN - Duration: 00:40s - Published
BoE: Inflation ‘below where we thought it would be’

BoE: Inflation ‘below where we thought it would be’

Andrew Bailey says that inflation is lower than the Bank of England “thought it would be”.

The Bank’s governor adds: “We expect inflation to start falling more rapidly, probably from the late spring onwards.” However, the Bank has raised interest rates from 3% to 3.5% as there is a “pronounced risk” that it “won’t happen in that way”.

Report by Jonesia.

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