Bank of England's Mann: 2% inflation we see now as a touch and go

BOE's Mann is speaking and says: Supply side of the economy is growing very slowly Sees labor market tightness.Says that wage growth is still far away from being consistent with the inflation targetWe have to see disciplining of service sector price growth.On rate cuts Mann says that until I see some deceleration in services prices, I am not in a position to cut rates 2% inflation we see now is a touch and go. Inflation will be above 2% for the rest of the year This article was written by Greg Michalowski at www.forexlive.com.

Jul 10, 2024 - 22:30
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Bank of England's Mann: 2% inflation we see now as a touch and go

BOE's Mann is speaking and says:

  • Supply side of the economy is growing very slowly
  • Sees labor market tightness.
  • Says that wage growth is still far away from being consistent with the inflation target
  • We have to see disciplining of service sector price growth.
  • On rate cuts Mann says that until I see some deceleration in services prices, I am not in a position to cut rates
  • 2% inflation we see now is a touch and go. Inflation will be above 2% for the rest of the year
This article was written by Greg Michalowski at www.forexlive.com.
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