BoE’s Breeden dismisses worries over UK’s persistent inflation
September’s flare-up in prices will not have significant second-round effects, deputy governor says
The increase in UK inflation over recent months will be temporary and not lead to significant second-round effects, the Bank of England’s deputy governor for financial stability has claimed.
Speaking at an event at Cardiff University on September 30, Sarah Breeden said she had “not seen any evidence yet to suggest that the underlying disinflationary process from past shocks is veering off-track. So far so good.”
Headline inflation in the UK was 3.8% in August, the same level as the previous month
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