Bailey speech: There is evidence of encouraging progress on inflation

In an interview with BBC on Friday, Bank of England (BoE) Governor Andrew Bailey said that “There is evidence of encouraging progress on inflation, we have to be vigilant.”

Additional quotes

“I'm very relieved that inflation is no longer rising like it was last year. “

“Companies should bear in mind that boe forecasts inflation will fall.”

“I do not have evidence that companies are putting prices up more than necessary.”

“Risk of recession this year has gone down quite a lot.”

“Pretty strong likelihood we will avoid recession this year.”