Video: Inflation “likely to fall rapidly this year” says Bank of England Governor

Chancellor Jeremy Hunt achieves one hundred days in office with some optimistic news on the economy. According to Bank of England Governor Andrew Bailey, as energy prices decline, inflation is projected to decline quickly this year. In an interview with Media Wales, Mr. Bailey suggested that a recent decrease in inflation would indicate "a corner has been turned." According to him, the Bank was not attempting to alter market predictions that interest rates will reach their top at 4.5%.