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BoE’s Bailey: seeing first signs inflation has turned the corner

BoE’s Bailey: seeing first signs inflation has turned the corner By Reuters

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Economy 20 minutes ago (Feb 02, 2023 12:47)

© Reuters. FILE PHOTO: Governor of the Bank of England Andrew Bailey holds a news conference in London, Britain December 13, 2022 Leon Neal/Pool via REUTERS/

LONDON (Reuters) – 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%.

BoE’s Bailey: seeing first signs inflation has turned the corner

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