BoE MPC member Megan Greene warned during an event overnight that services inflation remains stubbornly high, with wage growth exceeding levels consistent with the 2% inflation target. “There’s some risk that wage growth might be stickier than we would hope,” she said, adding that this could keep both services and overall inflation elevated. Greene emphasized […]
The post BoE’s Greene cautions against aggressive rate cuts amid persistent services inflation and wage growth appeared first on Action Forex.
