Bank of England (BOE) Policy Officer Jonathan Haskel He said on Friday that it is important that monetary policy remains firm against the risk of persistent inflationary pressure, as reported by Reuters.
More information
“What worries me is the risk that if the price rise consolidates, monetary policy will have to be tighter for longer.”
“The latest signs of activity suggest the UK is already slowing down.”
“The signs of a slowdown do not imply less tightening given the strength of the labor market and the increase in inactivity.”
“Supply-side tensions threaten persistent inflationary pressure.”
market reaction
GBPUSD showed no immediate reaction to these comments and was last seen up 0.6% on the day to hit 1.1780.
Source: Fx Street
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