BoE's Mann says "we are getting close to some sense of where monetary policy is balanced between the inflation objective and full employment"
Importance
Level 1
- Unemployment rate has gone up, and that is very much of a concern.
- On January inflation data, says, these are good numbers from a headline perspective and also from core.
- With respect to core inflation, not quite as good as "we" had hoped to see.
- Hard to tell whether 2% inflation that we are likely to see in the next few months is in fact a sustainable 2%.
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