BoE Decision Maker Panel (Jan):
The BoE Decision Maker Panel's latest data shows a slight easing in year-ahead CPI expectations, down to 3.2% from 3.4%, which may indicate a moderating inflation outlook.
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ECB President Lagarde (Q&A), on the balance of risks, says ECB statement no longer refers to the balance of risks; says that guidance what useful during COVID; now ECB lists upside and downside risk components
BoE Decision Maker Panel (Jan):
ECB President Lagarde (Q&A) says ECB does not target an exchange rate, recognises though that it is important for the economy; ECB keeps a close eye on developments
ECB President Lagarde (Q&A), on the risk-assessment, says risks are broadly balanced; some risks have ticked up, others have ticked down; risks are broadly balanced
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- Annual own-price growth 3.7% (prev. 3.7% M/M)
- Year-ahead own-price inflation 3.5% (prev. 3.6% M/M)
- Year-ahead CPI expectations 3.2% (prev. 3.4% M/M)
- Three-year-ahead CPI expectations 2.9% (prev. 2.9% M/M)
- Annual wage growth 4.4% (prev. 4.4% M/M)
However, with annual own-price growth stable and wage growth holding at 4.4%, the overall inflation picture remains complex. This mixed signal could influence the BoE's policy considerations going forward, as persistent wage pressures may complicate efforts to tame inflation without derailing economic growth.
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