BOE’s Greene: Policy may have to be restrictive for an extended period of time

  • I believe r* may have risen
  • The labour market has shown signs of inflation persistence
  • Data on activity remains mixed though, so I continue to worry more about the risk of inflation persistence

The hawkish comments today have been mixed with a turbulent market and Bailey’s dour comments on the outlook for growth.

This article was written by Adam Button at Source