BoE’s Greene: Rising inflation expectations are a concern
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Bank of England (BoE) policymaker Megan Greene said on Tuesday that “rising inflation expectations are a concern.”
Further comments
Inflation expectations remain anchored.
Slack is opening in the UK labour market.
Disinflation continues to be underway.
Wage growth is above what our models can explain.
Worried supply is weaker than expected.
I am more worried about supply than demand.
It's possible people are now more sensitive to inflation.
The risk is that this leads to second-round effects.
There are moderate upside risks to gas prices.
The quality of UK stats is another source of uncertainty.
Wage growth is not slowing as fast as I'd like to see.
Tariffs on balance are disinflationary for UK.
Trade diversion could happen very quickly.
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