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Bank of England's Bailey says inflation is slowing, 2025 jump will not last - REUTERS

FEBRUARY 17, 2025

LONDON, Feb 17 (Reuters) - Bank of England Governor Andrew Bailey said in an interview, opens new tab published on Monday that inflation was slowing and an expected pick-up in price growth later this year was unlikely to embed longer-term inflation pressures in the economy.

Part of the forecast increase in inflation was due to regulated price increases - for items such as domestic energy and water - while the sluggish state of the economy was also likely to act against inflation, Bailey told regional business news website BusinessLive on a visit to south Wales.

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