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BOE Governor Expects Sharp Drop in UK Inflation Next Month [Yahoo! Finance]
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Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again China Tells Iran Cooperation Will Last After Attack on Israel What If Fed Rate Hikes Are Actually Sparking US Economic Boom? Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs “I expect that next month number will show quite a strong drop because we have a particularly unique energy to household energy pricing system in the UK.” Inflation forecasting errors have diminished in recent months. UK is now roughly on track with BOE's forecasts from February. Risks remain from the conflict in the Middle East, but the oil price hasn't leaped as much as feared and the economic consequences have been limited. The UK needs pay attention to the government's debt burden. NOTE: Bailey spoke at an event in Washington. Most Read from Bloomberg Businessweek For Multinationals, Africa's Allure Is Fading A Very B
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