BoE's Greene: Worried about what energy price shock might do to inflation expectations
Source Fxstreet
"Achieving inflation target has been a bumpy ride, it was always going to be and that last mile is the hardest work,"Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene said on Wednesday.
"We're closer to target than we were just a few months ago, so the news has been encouraging," Greene added and noted that she is worried about what an energy price shock and other supply side shocks might do to inflation expectations.
Market reaction
GBP/USD showed no reaction to these comments and the pair was last seen rising 0.25% on the day at 1.2457.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Binance Narrowly Intercepts $3 Billion; BNB Makes Strong V-Shaped Rebound Past $700, Targeting $800 in the Short Term.On October 30, impacted by a black swan event of a hacker attack, Bin
US Q3 GDP rose 3.4%, above the 3.1% estimate, while September headline PCE hit 3.6% and core held at 3.1%. December hike odds are near 90%; inventories, AI capex and energy explain why.
Nasdaq-100 futures fell 500 points after Alphabet -12.6%, Amazon -8% and Intel -23%. Capex is not the problem: Amazon's holiday guide and Intel's weak Q4 guidance show demand is.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 30, 2026. Read on for the details.
On October 30, gold (XAUUSD) and Bitcoin (BTC) continued to face pressure. U.S. September PCE inflation data showed year-over-year increases in both headline and core inflation. Coupled w
