BoE's Greene says wage disinflation has stalled, backs proactive action on second-round inflation

Bank of England policymaker Megan Greene said wage disinflation has stalled above levels consistent with 2% inflation, with wage growth of 3% consistent with the target, and more disinflation needed to meet the CPI target. She said inflation expectations are anchored but above norms, worries the stance may not be restrictive enough, and backs proactively leaning against second-round inflation risks.

Detected & updated continuously · Source: Nebula