British inflation is broadly declining in line with the Bank of England's forecasts, and next month's numbers look on track for a sharp drop towards the central bank's 2% target, Governor Andrew Bailey said on Wednesday. "We're actually pretty much on track for where we thought we would be," Bailey said at an event in Washington hosted by the Institute of International Finance. "I expect that next month's number will show quite a strong drop," he added. Official figures earlier on Wednesday showed annual consumer price inflation fell to 3.2% in March from 3.4% in February, a slightly smaller decline than the drop to 3.1% which was the median forecast in a Reuters poll of...

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