- BoE's deputy governor Cunliffe expects some "transitive" pressures on prices
Market news
14 July 2021
BoE's deputy governor Cunliffe expects some "transitive" pressures on prices
- It is more difficult to assess inflation outlook in this unprecedented situation
- We need to understand context for high inflation as economy reopens
- Key question about inflation is whether demand surge and supply chain problems are persistent
- We will try to get better read of supply, demand for August forecasts
- We will reassess inflation rate in August
- We need to see if higher inflation is something persistent which we would need to act against
- It's more difficult to stimulate economy with rates near lower bound
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