BoE’s Mann: high-frequency data points to possible ‘turning point’
Several indicators hint at a turn in inflation, but the MPC member wants to see more evidence
Bank of England policy-maker Catherine Mann said high-frequency data is starting to show the UK and other major economies may be at a “turning point”.
In remarks today (February 6), Mann noted that inflation appears to be peaking in the UK though it does not show a clear downward move. Other indicators hint that such a move could be on its way – supply is moving below demand, while the ratio of job vacancies to unemployed people has also started to turn.
Similarly, the Organisation for
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