Britain's latest wage growth and services price inflation data is too high for the Bank of England to consider cutting interest rates, BoE policymaker Megan Greene said on Thursday. "The numbers that we're seeing in terms of wage growth and services inflation just aren't consistent with a sustainable 2% (consumer price) inflation target," she said during a discussion hosted by the Atlantic Council think tank in Washington.
(Bloomberg) -- A jump in energy prices would pose a less acute danger to inflation in Europe than the gyrations in commodities markets seen in recent years, according to European Central Bank Governing Council member Klaas Knot.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and
Britain's latest wage growth and services price inflation data is too high for the Bank of England to consider cutting interest rates, BoE policymaker Megan Greene said on Thursday. "The numbers that we're seeing in terms of wage growth and services inflation just aren't consistent with a sustainable 2% (consumer price) inflation target," she said during a discussion hosted by the U.S. Atlantic Council think tank. Last week Greene wrote that interest rate cuts in Britain should remain "a way off" because of persistent inflation pressure, and that she expected the BoE to cut interest rates by less than the U.S. Federal Reserve would this year.
