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🇬🇧 BoE's Greene leans hawkish: second-round inflation risk greater than thought, wage disinflation stalled
🇬🇧 BoE's Greene leans hawkish: second-round inflation risk greater than thought, wage disinflation stalled
- BoE MPC member Megan Greene says the UK economy has shown surprising resilience ( / 17:03 GMT), per newswires
- She says the risk of second-round inflation effects is greater than first thought and the BoE should lean against it proactively
FO view: A hawkish voice on second-round effects, after a firm jobs print with regular pay at 3.7%, raises the bar for any dovish read of tomorrow's UK CPI.
Not investment advice.