Interest Rates: Inflation should 'fall sharply' over coming months

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Addressing the latest interest rate decision, Bank of England governor Andrew Bailey says there has been "modest growth" and it's expected that inflation will "fall quite sharply over the coming months".

He said energy prices have fallen substantially, and food price inflation is expected to ease too - but he insisted inflation "remains too high".

Read more: https://news.sky.com/story/interest-rates-latest-4-5-updates-cost-of-living-12615118

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