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Bank of England (BoE) policymaker Catherine Mann testifies on the November Monetary Policy Report (MPR) before the UK Parliament’s Treasury Select Committee (TSC) on Tuesday.  Key quotes Forward-looking price and wage indicators have been flat and above target for 4 months, raising the risk of inflation persistence. Financial markets’ inflation expectations suggest boe will not get to sustainable 2% inflation in forecast horizon. Latest budget offers opportunity for firms to realise price increases that are inconsistent with 2% inflation target. Higher minimum wage was causing firms problems in maintaining wage differentials.   Source: https://www.fxstreet.com/news/boes-mann-forward-looking-price-wage-indicators-raise-risk-of-inflation-persistence-202411191028

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Filed under: News - @ November 19, 2024 12:20 pm