BoE's Greene: Worried about what energy price shock might do to inflation expectations

Source Fxstreet
Apr 17, 2024 12:47

"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.
placeholder
UK Preliminary Services PMI declines to 52.9 in May vs. 54.7 expectedThe seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rebounded from 49.1 in April to 51.3 in May, beating 49.5 expectations.
Source  Fxstreet
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rebounded from 49.1 in April to 51.3 in May, beating 49.5 expectations.
placeholder
PBOC sets USD/CNY reference rate at 7.1098 vs. 7.1077 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1098, as against the previous day's fix of 7.1077 and 7.2451 Reuters estimates.
Source  Fxstreet
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1098, as against the previous day's fix of 7.1077 and 7.2451 Reuters estimates.
placeholder
RBNZ’s Orr: Expect inflation to fall back into target band by end 2024Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is speaking on the policy outlook at a press conference following the announcement of the monetary policy decision on Wednesday.
Source  Fxstreet
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is speaking on the policy outlook at a press conference following the announcement of the monetary policy decision on Wednesday.
goTop
quote