{"id":439684,"date":"2026-10-08T17:00:47","date_gmt":"2026-10-08T10:00:47","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/boe-policymaker-greene-warns-of-second-round-uk-inflation-risks-voices-concern-over-wage-growth-439684\/"},"modified":"2026-10-08T17:00:47","modified_gmt":"2026-10-08T10:00:47","slug":"boe-policymaker-greene-warns-of-second-round-uk-inflation-risks-voices-concern-over-wage-growth","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/boe-policymaker-greene-warns-of-second-round-uk-inflation-risks-voices-concern-over-wage-growth-439684\/","title":{"rendered":"BOE policymaker Greene warns of second-round UK inflation risks, voices concern over wage growth"},"content":{"rendered":"<div>\n<p style=\"text-align: justify\" class=\"text-align-justify\">BOE monetary policy committee member, Megan Greene, is continuing to sound the alarm over persistent inflation risks in the UK, with her latest remarks today offering little reason to think that she will be backing away from her more hawkish stance.<\/p>\n<ul>\n<li>I do think UK will see some second-round effects from current inflation cycle<\/li>\n<li>Early indications are that UK wages will grow around 3.5% next year, and that worries me<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Her remarks aren&#8217;t exactly all too surprising, considering her recent policy leaning. As a reminder,\u00a0Greene was among the three policymakers at the central bank who voted for a 25 bps rate hike in September. She argued that\u00a0waiting for clearer evidence of persistent inflation could leave the central bank having to play catch-up down the road.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">As such, her comments above\u00a0only reinforce that thinking.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Her concern isn&#8217;t\u00a0simply about wages growing at 3.5% in the year ahead, it is that\u00a0higher prices will eventually feed into wage negotiations and in turn encourage businesses\u00a0to raise prices further. And that&#8217;s the sort of\u00a0inflation cycle the BOE would rather avoid.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In any case, markets are already pricing\u00a0in roughly an 84% probability of a 25 bps rate hike in November, so Greene&#8217;s continued hawkish message isn&#8217;t necessarily going to shift expectations dramatically. She has already made her position quite clear since the last meeting.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">What matters for November is whether enough of the six members who voted to hold rates in September can be convinced that waiting any longer carries greater risks than acting now.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOE monetary policy committee member, Megan Greene, is continuing to sound the alarm over persistent inflation risks in the UK, with her latest remarks today offering little reason to think that she&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439684","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439684"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}