BOE's Bailey: Data showed clear persistence of inflation

<ul><li>We will do what is necessary</li><li>It's a worse outcome if we don't get inflation back to target</li><li>I expect headline inflation to come down </li><li>The unwind of energy subsidies is on a longer track</li><li>We have a very, very robust labour market in the UK</li><li>The size of the labour force is smaller than at the outbreak of covid</li><li>The economy has turned out to be much-more resilient so far but we've had a very sharp fall in energy prices</li><li>We do talk quite a bit about global events</li><li>We have to judge the rollover of fixed rate mortgages</li><li>I've always bee interested to see that markets think it will be a short-term top in rates when we're fighting a long-term inflation process</li></ul>

This article was written by Adam Button at www.forexlive.com.