Reported about 10 hours ago
Bank of England's Megan Greene stated that while the institution anticipates a decline in UK inflation, they are 'not sanguine' about the situation due to the persistent rise in prices that has exceeded expectations. Despite a recent inflation spike, Greene noted risks of second round effects affecting wage-price behavior, and while private-sector pay growth is in the right direction, it remains above the target consistent with 2% inflation.
Source: YAHOO