BOE Bailey: Far to early to be thinking about rate cuts ...Middle East

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BOE Bailey: Far to early to be thinking about rate cuts
source : forex live ( Middle East ) () 23
BOE Bailey:Far too early to be thinking about rate cutsReturning inflation to 2% target remains our absolute priorityWhen inflation is high, we take no chancesThe tragic events in the Middle East have added upside risk to energy pricesLabor market remains tight despite softening recentlyWage inflation remains elevated.We must be alert to any second-round effects of higher food and energy pricesThe evolution of food prices will matter for wage growth looking aheadThe squeeze on real incomes from higher food and energy prices may still be influencing wage demandsInflation data for October released last week were welcome news, it's much too early to declare victory.We must watch for further sig

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