07:21:26 11-04-2024
BoE's Greene: UK services inflation remains much higher than in the US
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