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BoE's Bailey: We have to stay the course to get inflation down

2023-05-11 19:48
LONDON The Bank of England must stay the course to ensure the level of inflation falls back to
BoE's Bailey: We have to stay the course to get inflation down

LONDON The Bank of England must stay the course to ensure the level of inflation falls back to its 2% target, the central bank's Governor Andrew Bailey said on Thursday.

"We have to stay the course to make sure inflation falls all the way back to the 2% target," he said at a press conference after the bank raised its key interest rate.

(Reporting by Sarah Young, Writing by Kylie MacLellan)