BOE's Pill: There is an ongoing disinflation process in the UK ...Middle East

But we cannot declare that the job is doneNeed to maintain some degree of policy restriction to squeeze out price pressuresOther measures of pay growth are easing but still a bit too highThis is a reason for caution and carefulness in loosening policy

Pill adds that they are optimistic that the upwards blip in inflation won't lead to any second round effects. Well, core annual inflation is yet to dip under 3% in the UK. So, they are right to be "careful". And I know that they are just doing their job in deflecting and dismissing stagflation concerns but yeah, just be aware that it will be a key phrase in the months ahead for the UK economy.

This article was written by Justin Low at www.forexlive.com.

Read More Details
Finally We wish PressBee provided you with enough information of ( BOE's Pill: There is an ongoing disinflation process in the UK )

Also on site :

• 'Days of Our Lives' Icon, 74, Makes Bold Confession About Character
• Country Artist Cancels Shows Following Tragic Accident
• Fyodor Lukyanov: Here’s how the West made Israel-Iran war possible