{"id":301527,"date":"2024-05-14T14:32:51","date_gmt":"2024-05-14T09:02:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=301527"},"modified":"2024-05-14T14:32:51","modified_gmt":"2024-05-14T09:02:51","slug":"still-some-work-to-do-on-inflation-persistence-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/still-some-work-to-do-on-inflation-persistence-crypto-news\/","title":{"rendered":"Still some work to do on inflation persistence &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\" data-fxs-autoanchor=\"\">Bank of England<\/a> (BoE) Chief Economist Huw Pill said on Tuesday that they still have some work to do on inflation persistence, as reported by Reuters.<\/p>\n<h2 class=\"fxs_headline_medium\">Key takeaways<\/h2>\n<p>&#8220;UK\u00a0labour market remains pretty tight by historical standards.&#8221;<\/p>\n<p>&#8220;Pay growth data is consistent with small decline in Q1.&#8221;<\/p>\n<p>&#8220;Rates of pay growth remain quite well above what would be consistent for meeting 2% inflation target sustainably.&#8221;<\/p>\n<p>&#8220;We need to keep a restrictive stance on monetary policy that continues to bear down on domestic inflation persistence.&#8221;<\/p>\n<p>&#8220;Not unreasonable to believe that over summer we will see enough confidence to consider rate cuts.&#8221;<\/p>\n<h2 class=\"fxs_headline_medium\">Market reaction<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\" data-fxs-autoanchor=\"\">GBP\/USD<\/a> stays under modest bearish pressure following these comments and was last seen losing 0.22% on the day at 1.2530.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bank of England (BoE) Chief Economist Huw Pill said on Tuesday that they still have some work to do on inflation persistence, as reported by Reuters. Key takeaways &#8220;UK\u00a0labour market remains pretty tight by historical standards.&#8221; &#8220;Pay growth data is consistent with small decline in Q1.&#8221; &#8220;Rates of pay growth remain quite well above what [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":44177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,712,248,386,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-301527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boe","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/301527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=301527"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/301527\/revisions"}],"predecessor-version":[{"id":301528,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/301527\/revisions\/301528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/44177"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=301527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=301527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=301527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}