And so its starts (continues).... after the hints that the BoE might ease interest rates over the summer, Megan Greene (a member of the MPC that sets rates) is telling anyone who listens that:
'In considering for how long we must retain our restrictive stance before policy should be eased, I think the burden of proof therefore needs to lie in inflation persistence continuing to wane'.
As predicted the evidential hurdle is rising to keep workers under pressure a bit longer!
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