December’s drop in inflation is the start of a sign that the corner has been turnedsays the Governor of the Bank of England (BoE) Andrew Bailey.
Featured Statements
Inflation will most likely fall fairly rapidly this year, probably from late spring.
There is now more optimism that we will get through next year on an easier inflation path.
We do not target a specific maximum for rates.
I am not supporting a maximum of 4.5% on bank ratesbut in December we did not include the comment that the market was, in our view, quite out of line.
We think there will be a recession.
The recession will be shallow in historical terms.
The labor force has decreased, putting pressure on the labor market.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
