Bailey speech: We cannot say that interest rates have peaked

Following the Bank of England's (BoE) no-rate change decision at its December meeting, Governor Andrew Bailey is on the wires, noting that “we cannot say that interest rates have peaked.”

Additional quotes

There is more to do on bringing inflation down to target.

Markets form their own view.

It's really too early to start speculating about cutting rates.

We are more cautious than markets.

I see encouraging signs on inflation.

Not clear how increase in minimum wage will affect inflation.