Andrew Bailey said rate-setters at the Bank of England expect inflation to begin falling "more rapidly" from late spring.

However, the Governor warned there is a risk that it will not happen because of Britain's buoyant jobs market, which is supporting wage growth.

Read the latest here: https://www.telegraph.co.uk/business/2022/12/15/ftse-100-markets-live-news-bank-england-interest-rate-inflation/

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