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BOE Tenreyro: Extremely challenging times for the UK and the global economy
- Energy prices are pushing up prices in the short term but have medium term disinflationary impact
- BOE needs to balance energy impact against any 2nd round effects
- I would expect that bank trade counter at 3% over 2023 reduce output further below potential
- policy will likely have to loosen in 2024 to try to prevent inflation falling below target
- policy should focus on inflation, not offsetting losing guilt yields or FX rates
- most of the impact on d... Read More
Posted: Nov 11 2022, 13:17
Author Name: forexlive
Views: 102139