BoE's Bailey: Not at all happy about inflation outlook, but over 80% of overshoot is due to tradeable goods By Frank_Macro BOE Inflation InterestRate
ion outlook and that it is a bad situation to be in, reported Reuters. However, Bailey added, over 80% of the UK's inflation overshoot is due to energy and tradeable goods.
It is not out of place to describe the impact on demand patterns in the UK as "transient", unlike in the US. Bailey noted that the scale and persistence of the fall in the UK labour force is very unusual. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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