According to recent statements by Andrew Bailey, Governor of the Bank of England (BOE), UK inflation is cooling faster than expected. This development may have significant implications for the country's economy. As the BOE continues to monitor inflationary trends, it remains crucial to assess the situation carefully and make informed decisions.

Source: https://www.bloomberg.com/news/newsletters/2024-10-24/boe-s-bailey-says-uk-inflation-cooling-faster-than-expected