“Put another way, higher than expected, yet easing, underlying inflation pressures can be seen to be consistent with a gradual reduction in interest rates to slightly less restrictive levels over time.”
This was a sentiment echoed by the MPC itself, which cautioned that inflationary pressures could prove sticky in the medium term.
Article continues after advert
tom.dunstan@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
Page 2 of 2
