BoE's Bailey: We have to stay the course to get inflation down

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1970-01-01 08:00

LONDON The Bank of England must stay the course to ensure the level of inflation falls back to

LONDON The Bank of England must stay the course to ensure the level of inflation falls back to its 2% target, the central bank's Governor Andrew Bailey said on Thursday.

"We have to stay the course to make sure inflation falls all the way back to the 2% target," he said at a press conference after the bank raised its key interest rate.

(Reporting by Sarah Young, Writing by Kylie MacLellan)