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Bank of England's Bailey sees no rush to act on interest rates

Bank of England Governor Andrew Bailey signals no urgency on rate changes as the MPC holds at 3.75% and inflation overshoots remain on the table.

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Bank of England Governor Andrew Bailey signals no urgency on rate changes as the MPC holds at 3.75% and inflation overshoots remain on the table.

Mr Bailey said he was ‘not happy’ that the rate of Consumer Prices Index (CPI) inflation was above the Bank’s 2% target.