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18th Oct 2021 18:00U.K., Economic Monitor

  • Are you sure Governor Bailey said something new on Sunday? Governor Bailey thought not.
  • The statement "we will have to act" was qualified; medium-term inflation expectations need to be worrying.
  • Confidence has fallen in response to rising inflation expectations;  workers don't expect wages to keep pace.

bank bank rate bloomberg BoE businesses committee confidence covid-19 economy energy forecast gdp gdp data growth higher inflation households index inflation inflation expectations investors it labour labour market labour market data majority market markets members monetary monetary policy mpc mpc members oil ONS policy rates supply survey tighter policy wage wages

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