By David Milliken LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that he still thought that inflation was likely to fall sharply next year, broadly in line with forecasts the British central bank presented in early May. Bailey told a parliamentary committee that he did not expect a new set of forecasts due on Aug. 4, which BoE staff were preparing, to show a fundamentally different picture. “I always go into forecasts with an open mind, and that’s critical, but I think the basic fundamentals of that profile remain in place today,” Bailey told lawmakers. Inflation, whic…