BoE’s Breenden: Easing of labor market hopes to avoid wage price pressure like in 2022
Bank of England (BoE) Deputy Governor for Financial Stability Sarah Breeden said at the sidelines of the International Finance Annual membership meeting that the pass-on of energy price shock to wages seems unlikely, amid easing job market conditions.
Additional Comments
Companies speak to focus on cost-cutting not passing on energy price shock.
Activity is not falling off cliff, labor market is holding up.
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