BoE's Greene says second round effects are a risk, but less so than in 2022
- Private credit exposure to the energy industry is a worry.
Context
The BoE's Greene highlights that while second-round effects from inflation remain a concern, they are less pressing than in 2022. This suggests greater stability in the UK economy, which may influence expectations for monetary policy going forward. Traders should consider the implications for GBP and fixed income as the central bank navigates these risks.
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