BOE Official: UK Inflation Risks Entirely Skewed to Upside
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Bank of England official Megan Greene emphasized that inflation risks in the UK are skewed to the upside. She advised policymakers to monitor developments in the Iran war before deciding on interest rate changes. Greene noted that while the UK economy is weak and the labor market is loosening, negative supply and energy shocks could still elevate inflation and hinder growth, presenting a challenging scenario for the central bank.
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