- The economic context is not really supporting the view that we will get more inflation persistence
- Impact of US tariffs on inflation is much more ambiguous than impact on growth
Nothing new from Bailey, as he maintains the “gradual” approach. No mention on the new wording of “careful” this time but this reads like a rehash of his comments from two weeks ago.
This article was written by Justin Low at www.forexlive.com.
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