BoE’s Pill: There is significant progress on inflation.

Market news

14 November 2023

BoE’s Pill: There is significant progress on inflation.

Bank of England (BoE) Chief Economist Huw Pill said on Tuesday, “there is significant progress on inflation.”

Further comments

5% inflation would be much too high still.

Today's pay data is down a but not consistent with 2% inflation on ongoing basis.

AUD/USD jumps to toward 0.6450 after US CPI

USD/JPY declines after soft US CPI, falling yields

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