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Lombardelli's initial comments give little away at first glance

BOE
  • Lombardelli's appointment hearing has started. So far she has been focusing on how well central banks have forecast the economy and the differences between BOE and OECD forecasting processes.
  • She has said that inflation may prove more persistent and that the fall in inflation could be bumpy.
  • Most of her comments so far have been rather reserved and not given a huge amount away.
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