BOE’s Pill: There is still some work to do on inflation persistence

  • Making good progress on returning inflation to target
  • But there is still some work to do to get it back to 2% level
  • Focus is on labour market, pay growth, and services prices
  • Labour market remains pretty tight by historical standards

Nothing out of the ordinary there from Pill. The comments sing to a similar tune to what we heard last week already.

This article was written by Justin Low at Source