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: 2025.05.13
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BoE's Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
World FX news
Breaking news
BoE's Pill: Should not assume MPR forecast is a direct endorsement of market interest rate curve
New
2025.05.13 18:33
2025.05.13 18:33
2025.05.13 18:33
Bank of England (BoE) Chief Economist Huw Pill said at an event in the London School of Economics (LSE) on Tuesday that markets "should not assume that the latest Monetary Policy Report (MPR) forecast is a direct endorsement of market interest rate curve."
Further comments
- I do worry about upside risks to inflation in upside inflation scenario.
- I see risk of second round effects.
- I remain concerned we have seen a structural change in price and wage setting in the UK.
- Response of monetary policy to ensure we get Consumer Price Index (CPI) back to target may need to be more persistent.
Market reaction
Last updated
: 2025.05.13
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2025.05.13 19:43Disclaimer:
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