BoE's Bean on globalisation and inflation

In the speech 'Globalisation and inflation' given on 24 October Charles Bean of the Bank of England said downplayed the impact on inflation from lower oil prices and warned that policy-makers have to be extra careful not to allow above-target inflation from persisting.

In his speech at the London School of Economics, Charles Bean said the beneficial effect on inflation from the recent fall in oil prices is expected to be "partly offset by faster inflation in the non-energy components of consumer

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