BOE’s Greene: I am not thinking about rate cuts

  • Latest inflation data is good news
  • But there are reasons to worry about inflation persistence
  • We might need to stay restrictive for longer
  • UK wage growth is still incredibly high
  • Need to see how UK activity is holding up before next rate vote

Given that there is still some ways before inflation gets towards the 2% target, we shouldn’t expect policymakers to change their language any time soon.

This article was written by Justin Low at Source