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

Published 05/11/2023, 07:44 AM
Updated 05/11/2023, 07:48 AM
© Reuters. FILE PHOTO: Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Yui Mok/Pool via REUTERS

© Reuters. FILE PHOTO: Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023. Yui Mok/Pool via REUTERS

LONDON (Reuters) - 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.

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