BoE's Greene: We should not be looking through negative supply shocks
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Some of global economy resilience to US-Iran war is due to inventories Second-round effects of energy price shock won't show up for another year We should not be looking through negative supply shocks Proof of wage, price reaction to shocks has shifted Central banks must proactiv
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4 itemsBoE's Greene: Worth waiting before deciding on rate hikes
The desk believes the Bank of England (BoE) is likely to adopt a cautious approach regarding interest rate hikes, particularly in light of geopolitical tensions stemming from the US-Iran conflict. Per the full note [source], BoE's Greene has indicated that while inflation risks are skewed to the upside, the current sluggish economy and loose labor market may mitigate the second-round effects of energy shocks. The market currently prices in a 42% chance of a rate hike in June, which suggests that upcoming economic data will be pivotal in shaping expectations ahead of the meeting.
BoE's Breeden: We are in a 'good place' to monitor what's happening
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