BoE's Bailey: Inflation to come down to target by spring

Joshua Gibson FXStreet

Adding further to comments made earlier while testifying before the UK Economic Affairs Committee, Bank of England (BoE) Governor Andrew Bailey noted a firm confidence that the UK's central bank is on pace to achieve inflation targets.

Key highlights

Inflation to come down to target by spring.
What happens to inflation in spring will not determine monetary policy stance.
Market demand for UK debt is strong, has been strong since the start of the year.
BoE Bailey's earlier statement: Short-term equilibrium interest rate has probably gone up.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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