BOE Mann: Lack of consumer discipline complicates policy ...Middle East

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BOE Mann: Lack of consumer discipline complicates policy
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Lack of consumer discipline complicates policyBOE is struggling to bring inflation back to target because price rises are increasingly driven by people who are immune to the pressures of higher interest ratesThere is lack of consumer discipline to rein in business's pricing power in areas of the services sector where prices were often sticky. This article was written by Greg Michalowski at www.forexlive.com.

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