BoE's Greene says core and services inflation are going sideways
- Indications that disinflation process is slowing.
- Concerned about second-round effects.
- Firms more sensitive to upside inflation surprises.
- Policy not meaningfully restrictive.
- Should slow down rate cutting cycle.
- Slack has opened up in the labour market and making wage part of wage-price spiral less likely.
- Latest rise in UK unemployment is in line with what they were expecting.
- Should not cut every quarter, but rate cutting cycle not over.
17 Oct 2025 - 17:07- Fixed IncomeImportant- Source: Newswires
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