Bank of England's monetary policy commissioner Green, said at an economic conference on Saturday that the UK's disinflation will continue despite the acceleration of consumer price growth in the short term. "The process of disinflation is still ongoing, although inflation has actually risen over the past few months, and we expect it to continue to rise in the third quarter of this year," Green said. "Despite the short-term price peak, we expect inflation to continue to fall to our 2% target in the medium term," Green said. "Green is seen as one of the most hawkish officials in the Bank of England. While she supports a 25 basis point cut in interest rates to 4.25% last month, she, like some other policymakers, prefers to keep borrowing costs unchanged.
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DefiSecurityGuard
· 13h ago
DYOR on BoE claims
Reply0
CryptoCross-TalkClub
· 13h ago
Inflation rises and also rises, falls and also rises.
Bank of England official Green: Despite the rise in short-term inflation, the UK's anti-inflation process will continue.
Bank of England's monetary policy commissioner Green, said at an economic conference on Saturday that the UK's disinflation will continue despite the acceleration of consumer price growth in the short term. "The process of disinflation is still ongoing, although inflation has actually risen over the past few months, and we expect it to continue to rise in the third quarter of this year," Green said. "Despite the short-term price peak, we expect inflation to continue to fall to our 2% target in the medium term," Green said. "Green is seen as one of the most hawkish officials in the Bank of England. While she supports a 25 basis point cut in interest rates to 4.25% last month, she, like some other policymakers, prefers to keep borrowing costs unchanged.