BoE’s Bailey: Have to watch for inflation persistence


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  • We have to watch very carefully for consequences of inflation.
  • Labour market is softening.
  • Path of interest rates will continue to be gradually downwards.
  • A major change is needed for upturn in productivity.
  • Next big tech change should help productivity.
  • We’ve seen a steepening of the long term bond yield curve.
  • I don’t think there’s anything unusual about the UK in terms of the yield curve.
  • There will be no sustained growth without stable low inflation.

There’s nothing new here from Bailey as he just reaffirms the gradual easing with a keen eye on inflation persistence.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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