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BOE: Greene on services inflation

BOE
Bank of EnglandCentral Bank NewsCEEMEABulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Greene says on services inflation it's "great news" that its fallen but a lot of the movements have been in volatile factors. She says that it's too early to "get out the ticker tape" and notes that catering has partly been driven by food prices falling - and food prices aren't driven by UK monpol.

  • "I wouldn't get too excited about services inflation coming in below our forecast for 2 months. There are still hints that it is sticky."
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Greene says on services inflation it's "great news" that its fallen but a lot of the movements have been in volatile factors. She says that it's too early to "get out the ticker tape" and notes that catering has partly been driven by food prices falling - and food prices aren't driven by UK monpol.

  • "I wouldn't get too excited about services inflation coming in below our forecast for 2 months. There are still hints that it is sticky."