Technical Analysis
BOE’s Pill: Inflation expected to rapidly fall in 2H 2023
- Demand is easing as household incomes are squeezed
- UK labour market remains very tight
- Wage growth is not consistent with 2% inflation goal
Some trivial remarks there by Pill. Well, the window to tighten policy further is closing for the BOE and to fit their narrative, of course they would argue that the inflation outlook will support that. Remember the whole transitory debacle?