Inflation target to be met in two years says Bank of England Governor.

Governor of the Bank of England Andrew Bailey says that it will take one year for inflation in the UK to drop to 9%, but it'll take an extra year on top of that to reach the Bank's target of 2%.

This comes as the BoE raised its base interest rate by 0.5% to 1.75% - its biggest rise since 1995.

#BankOfEngland #Money #Economy

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