Bank of England Governor Andrew Bailey says interest rates are on a "gradual path down" but the central bank needs more evidence to action further rate cuts. Bailey was speaking after the BOE announced its decision to hold interest rates.

Yael Selfin, chief economist at KPMG UK, discusses the country's inflation data and what it could mean for the Bank of England's decision.

Bank of England Governor Andrew Bailey expresses optimism about interest rates gradually decreasing but stresses the need for continued monitoring to keep inflation at the 2% target.