BOE's Mann: Inflation has definitely not been vanquished
Headline CPI reading not telling us that underlying inflation dynamics have been vanquishedServices inflation is pretty stickyEnergy prices are more likely to go up than downSees more volatility and upward bias to some inflation driversDo keep in mind that Mann is arguably the most hawkish member among the BOE policy committee. So, her comments here are not as striking as they might seem to be. This article was written by Justin Low at www.forexlive.com.
- Headline CPI reading not telling us that underlying inflation dynamics have been vanquished
- Services inflation is pretty sticky
- Energy prices are more likely to go up than down
- Sees more volatility and upward bias to some inflation drivers
Do keep in mind that Mann is arguably the most hawkish member among the BOE policy committee. So, her comments here are not as striking as they might seem to be.
