Inflation to 'drop sharply' from summer, says Bank of England
Andrew Bailey, the governor of the Bank of England, says the recent rise in inflation is due to "one-off elements" and will drop from the summer.
His comments come as the Bank decided to raise interest rates again.
Related topics
- InflationUpdates from your News topics will appear in My News and in a collection on the News homepage.
- UK economyUpdates from your News topics will appear in My News and in a collection on the News homepage.
- Bank of EnglandUpdates from your News topics will appear in My News and in a collection on the News homepage.
- Andrew BaileyUpdates from your News topics will appear in My News and in a collection on the News homepage.