BoE Deputy Governor Clare Lombardelli reinforced the case for a “gradual and careful” approach to policy easing in a speech today. She noted underlying inflation “have continued to fall” despite noises. Monetary policy is still restrictive and will continue to balance the need to lower inflation with the risk of undermining already soft demand. Lombardelli […]
The post BoE’s Lombardelli: Gradual cuts warranted as wage and services inflation stay high appeared first on Action Forex.