BoE’s Bailey: We need to watch services inflation very carefully

• We need to watch services inflation very carefully.
• Services inflation is still above a level that’s compatible with on-target inflation.
• Inflation was lower than expected when the BoE cut rates.
• A gradual approach to removing monetary policy restraint will help us to observe risks to the inflation outlook.

This article was written by Giuseppe Dellamotta at www.forexlive.com.