BoE Dept Gov Lombardelli: Policy Is Increasingly Likely To Need To Tighten If Elevated Energy Prices Persist, Absent Clear Evidence Of Disinflation Or Weaker Activity
No Signs So Far 2nd-Round Effects Are Large Wage Growth Remains Too High To Be Consistent With Inflation Target I'm No Means Suggesting That Monetary Policy Should Respond Mechanically To Movements In Energy Prices Monetary Policy Still Restrictive, Balancing Lower Inflation With Risks Of Lower Demand Key Issue Is Not