BOEs Haskel : Important for monetary policy to stand firm against risk of inflation

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BOEs Haskel : Important for monetary policy to stand firm against risk of inflation

<p>The BOE in a speech is saying:</p><ul><li>Important for BOE and monetary policy to stand firm against the risk of persistent inflationary pressure</li><li>Concerned for me is the risk that if price rises becomes embedded monetary policy would have to be tighter for longer</li><li>Latest signs of activity suggest the UK is already slowing down</li><li>Signs of a slowdown do not imply less tightening given strength of labor market, rise in inactivity</li><li>Supply side stresses risk persistent inflationary pressure</li></ul>

                This article was written by Greg Michalowski at forexlive.com.

Source: BOEs Haskel : Important for monetary policy to stand firm against risk of inflation

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