BoE Gov. Bailey: Inflation looks set to fall markedly this year – by fx_ross BOE GBPUSD CentralBanks
Governor Andrew Bailey said on Monday that inflation looks set to fall markedly this year as energy prices decrease.
"I think that going forwards the major risk to inflation coming down ... is the supply side - and in this country particularly, the question of the shrinkage of the labour force," Bailey told lawmakers on parliament's Treasury Committee. Likely there will be negative short-term impact from covid in china, don't expect it to be lasting.
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