Bank of England’s Taylor says rates set to fall further as inflation drops

Interest rates set by the Bank of England should continue to fall as inflation is likely to settle ​around the central bank’s 2 per cent target soon, BoE policymaker ‌Alan Taylor said on Wednesday.

“We can now see inflation at target in mid-2026, rather than having to wait until 2027 as in our previous projection,” Taylor said in the text of a speech he was due ‌to give at the National University of Singapore.

“I see ​this as sustainable, given cooling wage growth, and I now...