BoE’s Greene: Policy will need to remain restrictive for some time
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Bank of England’s Monetary Policy Committee (MPC) member Megan Greene reiterated on Thursday that the monetary policy will need to remain restrictive for some time, per Reuters.
“I need to see further evidence that inflation persistence is less embedded than previously feared before I would consider voting to loosen policy.”
“Recent signs of persistence starting to ease are encouraging.”
“Labour market has been slowly loosening.”
“Brexit and the pandemic have left UK supply much weaker than in the US in recent years.”
“All else equal, this would mean inflationary pressures are greater in the UK, but demand is weaker too.”
“When it comes to pay growth, the UK stands out.”
GBP/USD stays under modest bearish pressure following these comments. As of writing, the pair was down 0.15% on the day at 1.2545.
[/s2If]
Nehcap Trading Strategies
The NEHCAP currently runs the following trading systems for clients. They can be bought and run on your funds.
The system is trading live: LIVE ACCOUNT TRACKING
Contact Us: Contact
The HFT_FIX can be run free for 2 weeks on any broker with a ECN. Apply for a free trial
Join Our Telegram Group
