BOE's Bailey: It is too soon to discuss about cutting interest rates

<ul><li>Getting inflation down to 2% will be hard work</li><li>A lot of the recent fall in inflation is due to unwinding of energy cost surge</li></ul><p>At least he's making sure that they're not communicating a fall to 2% inflation being a given. And he can take in added comfort as well that the UK economy did not perform as poorly as anticipated so far in Q4.</p><p><br></p>

This article was written by Justin Low at www.forexlive.com.