BOE Greens:
- We are not sure if weakness in UK economy is caused by demand or supply
- She is more worried about supply, really week productivity growth.
- There are concerns about impact of the government budget changes.
- We have no idea what US tariffs will look like when the dust settles.
- We are seeing in output gap open up which should bring inflation back to target.
- UK’s labor market has been weakening pretty slowly, but we should see wage growth, down.
Uncertainty prevails from BOE’s Greene
This article was written by Greg Michalowski at www.forexlive.com.
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