After nearly 5 years of inflation above target, when does underlying inflation actually fall to target?
More from Pill:
- Policymakers should be cautious about over-interpreting latest changes in key data
- We have not seen the moderation in key nominal data that we would have expected in the past
- Wage growth is still substantially above what is consistent with 2% inflation, given weak productivity
This article was written by Adam Button at investinglive.com.
