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ASIA

Coming up in the Asia-Pac Session on Monday:

MNI

Coming up in the Asia-Pac Session on Monday:

JGB TECHS

(H2) Stabilising

USDCAD TECHS

Bias Still Points Lower

AUDUSD TECHS

Fading Onto Recent Gains

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MNI (London)
(MNI) London

Bank of England Deputy Governor Ben Broadbent pushed back against the view that higher inflation is likely to be persistent, with his remarks tilting the scales away from early tightening by the central bank in August.

He noted that much of the rise in imported inflation has been "concentrated overwhelmingly in goods prices" and that as the economy reopens and rebalances, with services demand increasing, the mismatches that have driven prices higher should fade away. He said that he was "not convinced that the current inflation in retail goods prices should in and of itself mean higher inflation 18-24 months ahead."

MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
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MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
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