FLASH NEWS
FLASH NEWS
Friday, January 15, 2021

Pandemic has depressed inflation by a bit lower than anticipated

Remarks by BOE policymaker, Ben Broadbent

  • Penalties on consumption when it comes to value pressures are most likely restricted
  • Count on unemployment to rise as soon as furlough scheme is wound down
  • Unemployment would be the better of measure of slack within the financial system

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The headline comment is attention-grabbing however until inflation is on a sustainable restoration path, it nonetheless would not do the BOE a lot good to think about a change from its present coverage stance.

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