BoE Gov. Bailey: We expect indirect inflation effects to add 0.5 percentage points to inflation in H2 2026.

While Household Inflation Expectations Have Fallen They Remain Elevated Pressures Building More Slowly Than Thought In April Seeing Broader Slowing In Domestic Inflation Spare Capacity In Job Market Likely To Reduce Workers' Capacity To Get Pay Rises Overall Assessment Of Second Round Effects Remains Tentative Lack Of Evidence So Far Does Not Rule Out Future Second Round Effects