EPISODE · May 21, 2024 · 3 MIN
Wage growth and consumer price data reinforce rate cuts | Morning Markets
from True Potential Morning Markets · host True Potential
In an important week for UK data, Jeff Casson, Chief Investment Officer, reviews comments made yesterday by Ben Broadbent, Deputy Governor at the Bank of England. Of particular interest were the comments on the interaction of wage growth and consumer prices and how it factors into inflation targets. In addition to this the Deputy Governor appears to have changed position on rate cuts in light of the evolving data even though just earlier this month he voted to keep them unchanged. Will the vote swing in favour in June?
What this episode covers
In an important week for UK data, Jeff Casson, Chief Investment Officer, reviews comments made yesterday by Ben Broadbent, Deputy Governor at the Bank of England. Of particular interest were the comments on the interaction of wage growth and consumer prices and how it factors into inflation targets. In addition to this the Deputy Governor appears to have changed position on rate cuts in light of the evolving data even though just earlier this month he voted to keep them unchanged. Will the vote swing in favour in June?
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Wage growth and consumer price data reinforce rate cuts | Morning Markets
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