BoE's Bailey welcomes inflation drop, sees risk of a slow falls ahead
Bailey, speaking at an event hosted by the Wall Street Journal, said the fall was welcome but the BoE had to focus on food prices - which were up 19% over the 12 months to April - and core inflation which rose.While inflation expectations were falling and companies were sending signals that they intended to slow their price increases, there were risks that inflation falls only slowly from now on, he said
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