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BOE's Bailey Says There Are Valid Reasons To Believe That A Lasting Rise In Overall Inflation Is Unlikely 📉🇬🇧
BoE Gov. Bailey: There are good reasons not to expect rise in headline inflation to persist.
Bank of England's Bailey Says Domestic Wage and Price Pressures Have Mostly Eased 📉🇬🇧
Bank of England Governor Andrew Bailey said domestic wage and price pressures in the United Kingdom have generally continued to ease, signalling that underlying inflationary forces are losing momentum. Bailey added that there are "good reasons" to believe the recent uptick in headline inflation will not persist, suggesting the central bank may face less pressure to tighten monetary policy further if the trend holds.
