- Worried that household inflation expectations have increased
- Need to see loss of pricing power by firms
- But goods price inflation is going up
She’s turned back to the hawkish side, having voted to keep the bank rate unchanged last week. Yesterday, she defended her position in saying that they will stop using restrictive language “when it is appropriate”. Adding that “somebody has got to pay for volatility” amid the risk and uncertainty in markets at the moment.
This article was written by Justin Low at www.forexlive.com.
