BoE's Pill (annual report): "Based on the available data, I expect the disinflation process to continue, with CPI inflation falling close to 2% in the spring"

"My view is that we should use the expected decline back to 2% to target to anchor inflation expectations. It is not a time for complacency. We should also be symmetric: if we looked through the temporary hump in inflation during 2025, we should similarly look through the trough expected in spring 2026"