Monetary policy is already “tight enough”Bank of England (BoE) chief policy officer Swati Dhingra said during monetary policy hearings before the UK Treasury Select Committee on Wednesday, Reuters reports.
Additional comments
“Domestic factors are likely to continue to ease pressure on CPI inflation.”
“There is no evidence yet to suggest that companies will try to increase their margins.”
“The labor market continues to ease as the recent cycle of increases by the Monetary Policy Committee takes effect with a delay.”
“Wage growth is one of the last outcomes to be affected in the transmission of monetary policy to the real economy.”
“A delayed transmission of level changes to wages would not necessarily pose a risk to our medium-term objective.”
“We will continue to focus on the composition of wage growth as well as the headline numbers to get a better idea of the outlook.”
“Lagged effects of further tightening pose serious output volatility risks to make a small dent in inflation.”
Source: Fx Street
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