US EditionBank of England Is ‘Not Sanguine’ About Inflation Hump, Greene Says
- Megan Greene, a member of the Bank of England’s monetary policy committee, indicated on Saturday that UK disinflation is expected to persist despite a short-term increase in consumer price inflation.
- She attributed the ongoing inflation persistence to factors like recent cost-of-living pressures and warned that inflation growth has proven more persistent than expected.
- Greene noted private-sector pay growth remains well above levels consistent with the 2% inflation target and highlighted risks of second-round wage-price effects.
- Last month, she confirmed her decision to support a 0.25 percentage point reduction in interest rates to 4.25%, noting that while they believe the situation can be managed, there remains a significant level of uncertainty.
- The BoE expects inflation to decline over the medium term, though Greene is not sanguine about avoiding persistent inflation pressures or second-round effects slowing disinflation.
15 Articles
15 Articles
Bank of England is 'not sanguine' about inflation hump, Greene says
The Bank of England still expects the ongoing rise in UK inflation to fade but is "not sanguine" about it after price growth proved more persistent than anticipated only a few years ago, BoE monetary policymaker Megan Greene said on Saturday.
Disinflationary process is still ongoing
The post Disinflationary process is still ongoing appeared on BitcoinEthereumNews.com. Bank of England (BoE) rate-setter Megan Greene said on Saturday that disinflation in the United Kingdom is set to continue despite a rise in consumer-price growth in the near term, per Bloomberg. Key quotes Most of the near-term hump in inflation is due to one-off factors.We expect inflation to continue to come down to target over the medium term.Our view is t…
BOE: The disinflation process is still ongoing - Megan Greene - World Stock Market
The person responsible for fixing the types of the Bank of England (BOE), Megan Greene, said on Saturday that deflation in the United Kingdom will continue despite an increase in the growth of consumer prices in the short term, according to Bloomberg. Outstanding statements Most of the temporal increase in inflation is due to specific factors.We hope that inflation continues to decrease until reaching the goal in the medium term.Our opinion is …
Coverage Details
Bias Distribution
- 75% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
