[governor of the Bank of England: UK inflation takes longer to fall] May 24, after shocking data spurred the market to increase interest rate bets, Bank of England Governor Pele warned that inflation in the country is sticky. it will take longer to fall back. Mr Bailey denied that the UK was suffering from a wage-price spiral, but acknowledged that the central bank was grappling with stubborn core price pressures and a "very tight labour market". "it's a question of stickiness and how fast it's falling," Mr Bailey said. "it clearly depends in large part on the decline in inflation expectations, and they are falling."