• 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.
  • There are moderate upside risks to gas prices.
  • The quality of UK stats is another source of uncertainty.
  • Wage growth is not slowing as fast as I'd like to see.
BoE's Greene
BoE's Greene
Source: Forex Live