The Bank of England is unlikely to consider further interest rate hikes as the likelihood of a greater persistence of inflation has diminished, a policymaker said Wednesday.
"The downside surprise in services price inflation and wage growth suggested a little less persistence than we had assumed in our central forecast back in November, and so my concerns about the risk of even greater persistence emerging have diminished," Sarah Breeden, deputy governor for financial stability, said in a speech.
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by Jyotsna V
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