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Bank of England Is ‘Not Sanguine’ About Inflation Hump, Greene Says
- Megan Greene, a Bank of England policymaker, indicated on Saturday that although consumer prices are expected to rise temporarily, the overall trend of disinflation in the UK will persist.
- This outlook follows persistent inflation pressures after the 2022 peak at 11.1%, with wage growth exceeding levels consistent with the 2% target.
- Greene noted risks from U.S. tariffs and second-round effects on wages, while the BoE’s recent quarter-point rate cut lowered rates to 4.25%.
- She expressed cautious optimism about inflation trends, acknowledging that while it may be possible to overlook certain factors, there remains a considerable risk involved.
- The statement implies that inflation should ease over time but warns the BoE may face challenges in balancing rate cuts with inflation persistence.
16 Articles
16 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.
A new strategy to fight inflation
This is a WSJ op ed, written about the Fed’s strategy review. Now that 30 days have passed, I can post here. For fun, I post here the version I sent to WSJ. You can decide whether their edits at the link (which did cut the word count) are better or wore than the original. ****The Federal Reserve is readying a new strategy, while debating what to do about tariffs. On Wednesday, the Fed announced no change in interest rate, noting rising stagflati…
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 …
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