BOE's Bailey says cannot give a date on when interest rates will start to come down

<ul><li>Expects inflation to fall markedly but it will be hard for borrowers still</li></ul><p>As of now, he also surely can't give a date on when they may be stopping the tightening cycle anyway. So, to talk about rate cuts is a bit premature and a little too far down the road – not least when inflation remains as high as it is.</p>

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