The Head of Policy at the Bank of England (BoE), Catherine Manntestifies on the November Monetary Policy Report (MPR) before the Treasury Select Committee (TSC) of the UK Parliament on Tuesday.
Featured Statements
Forward price and wage indicators have been flat and above target for 4 months, increasing the risk of persistent inflation.
Inflation expectations in financial markets suggest that the BoE will not achieve sustainable inflation of 2% over the forecast horizon.
The latest budget offers businesses the opportunity to make price increases that are inconsistent with the 2% inflation target.
The increase in the minimum wage was causing problems for companies to maintain wage differentials.
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.
