BoE's Greene: UK services inflation remains much higher than in the US

Source Fxstreet
Apr 11, 2024 04:21

Bank of England's Monetary Policy Committee (MPC) member Megan Greene said in the Financial Times (FT) interview on Thursday that “UK services inflation remains much higher than in the US.”

Key takeaways

Markets now expect the Bank of England will cut rates earlier and by more than the Federal Reserve this year.

Higher inflation expectations have translated to higher pay growth, by metrics

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Source  Fxstreet
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