Reply To: Bank of England Raises Interest Rates to 15-year High 5.25%, Monetary Policy Restrictive


BOE’s Tenreyro:

We have seen very little pass through of UK policy tightening
The more the BOE raises rates now, the sooner and faster the BOE will later need to cut rates
It’s hard to see a break in the relationship between CPI and PPI

Tenreyro is set to leave the BOE next week