Many indicators point to a drop in inflation, which will be “quite marked”as declared on Wednesday by the Governor of the Bank of England, Andrew Bailey, before the British Treasury Select Committee.
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“When I look at it today, a lot of the indicators are moving now as we would expect them to move and are signaling that the fall in inflation will continue and as I’ve said several times, I think it will be quite sharp later this year.”
“Salary negotiation, of course, is one thing, but it has surprised us in the opposite direction in recent months.”
“And the question now is: as headline inflation comes down, will we continue to see inflation expectations come down? And will that be reflected in the wage bargain?”
“We are no longer in a phase where it was clear that rates had to be raised, we are now guided by the data as monetary policy is tight.”
“Monetary policy judgments are much finer.”
“We’re much closer to peak rates, I’m not saying we’re at peak.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
