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Greene sounds a lot less hawkish - it doesn't sound like she is ruling out a June cut vote

BOE
  • So the key phrases are "Data released ahead of our next meeting will give a clearer indication of how far along the “last mile” we have come... To my mind, inflation persistence has waned since I joined the MPC last July...In considering for how long we must retain our restrictive stance before policy should be eased, I think the burden of proof therefore needs to lie in inflation persistence continuing to wane."
  • This sounds a lot less hawkish than she has done recently. It doesn't point towards a vote for a cut in June - but it also suggests that she hasn't completely ruled it out. It sounds as though she is going to remain data dependent.
  • Also in line with a number of the internal members - and mentioned in the Minutes - she has referenced the smaller passthrough from wages to prices.
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