BoE’s Greene: Rising inflation expectations are a concern

• Rising inflation expectations are a concern.
• Inflation expectations remain anchored.
• Slack in opening in the UK labour market.
• Disinflation continues to be underway.
• Wage growth is above what our models can explain.
• Worried supply is weaker than expected.
• I am more worried about supply than demand.
• It’s possible people are now more sensitive to inflation.
• The risk is that this leads to second-round effects.

This article was written by Giuseppe Dellamotta at www.forexlive.com.