- Her vote for 50 basis point cut was partly to make a statement on direction of the economy
- might see some cost pass-through from US tariffs
- Argue that numbers would be quite small.
- Won’t rule out scenario where global trade breaks and UK suffers inflation, but don’t think that’s where we’re headed
- My working hypothesis is that dollar depreciation is not going to put immense pressure on UK import prices
- If dollar starts to really go up we have to worry about what exchange-rate dynamics do for UK inflation
This article was written by Greg Michalowski at www.forexlive.com.
