BoE’s Greene: Second-round effects of energy price shock won't show up for another year
Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene said on Monday, “the second-round effects of energy price shock won't show up for another year.”
Additional quotes
Some of global economy resilience to the Iran war is due to inventories.
We should not be looking through negative supply shocks.
Market reaction
The British Pound (GBP) is holding its recovery following these somewhat hawkish comments, with GBP/USD adding 0.23% on the day to trade at 1.3353 at the press time.
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