LONDON, Feb 2 (Reuters) - Bank of England Governor
Andrew Bailey said on Thursday that the central bank's decision
to tone down its language on the need for higher interest rates
did not mean rates were going to stay on hold.
"I'm not saying 'This is it, we're done', because the world
is too uncertain in our case," he said in an interview with
financial news channel CNBC.
"There is an encouraging downward path of inflation in our
central projection. But there's a big risk. We've got the
biggest risk in our forecast on inflation on the upside that
we've ever had," he said.
(Reporting by David Milliken, Editing by Kylie MacLellan)
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