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There are some disaggregate labor signals that don't reflect the overall economic unemployment rate - - The outruns in H2 will be paid close attention to - - A more forceful monetary policy will bring inflation back to target
BOE’s Mann: The trade-off between inflation risk and activity has led me to place more weight on inflation persistence
BoE's Mann: Trade-off between inflation risk and activity has led me to place more weight on inflation persistence, shifting my view towards a longer hold, and potentially a need to lean against that risk
BoE's Mann: If outturns — especially in expectations — are unfavorable to the underlying inflation process, an activist move can bring inflation expectations and outcomes toward 2% target