- We have to watch very carefully for consequences of inflation.
- Labour market is softening.
- Path of interest rates will continue to be gradually downwards.
- A major change is needed for upturn in productivity.
- Next big tech change should help productivity.
There’s nothing new here from Bailey as he just reaffirms the gradual easing with a keen eye on inflation persistence.
This article was written by Giuseppe Dellamotta at www.forexlive.com.