The member of the Monetary Policy Committee (MPC) of the Bank of England (BoE), Megan Greene, said on Thursday that the persistence of inflation has decreased since he joined the Monetary Policy Committee last July, according to Reuters.
Featured Statements
“I think the burden of proof should be that the persistence of inflation continues to decline.”
“The data released before our next meeting will give a clearer indication of how far we have come in the last mile.”
“While I believe the excess labor buildup has eased from its peak, it still represents a two-way risk to our prospects.”
Market reaction
These comments failed to trigger a notable market reaction. At press time, GBP/USD was down 0.22% on the day at 1.2660.
Source: Fx Street
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