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UK Press: BoE's Weale says need for tighter policy "slightly less immediate"

The Bank of England's Martin Weale, reported in the UK's telegraph says

  • A surprise "pause in wage growth"
  • Further falls in commodity prices

Has made the need for tighter policy "slightly less immediate".

  • "The factors pushing down on inflation have become a bit more prolonged"

Weale is considered one of the more 'hawkish' of the Monetary Policy Committee ( MPC ) members, a change in view from him to more dovish is significant and should weigh on GBP.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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