BoE's Large on monetary policy

In the speech 'Monetary policy: Significant issues of today' given on 1 December Andrew Large of the Bank of England said wage pressures in the UK could still get stoked up by the rapid rise in the price of oil even though there is currently very little evidence suggesting a rise in inflation expectations.

In his last public speech as deputy governor before he quits after the January meeting of the rate-setting Monetary Policy Committee, Large said there is no real sign of inflation expectations

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