BOE's Bailey: It's important to return UK inflation to target

<p>Bailey's speech isn't scheduled for an hour, so these are crossing early.</p><ul><li>The UK hasn't seen a jump in unemployment</li><li>UK household incomes have risen in recent months</li><li>These factors mitigate impact of higher rates</li><li>The events in the Middle East haven't yet had a big economic impact, watching closely</li></ul>

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