- Analytics
- News and Tools
- Market News
- BoE's Tenreyro: The latest rise in oil prices will increase inflation, dampen UK economic activity
BoE's Tenreyro: The latest rise in oil prices will increase inflation, dampen UK economic activity
Bank of England Monetary Policy Committee Member Silvana Tenreyro said on Wednesday that the latest rise in oil prices will increase inflation and dampen UK economic activity, reported Reuters. The high level of companies wage expectations in the BoE's latest Agents' survey was a surprise, though we will have to see if it materialises. Evidence of a wage-price spiral in the UK is not obvious, Tenreyro added, saying that there is no explosive dynamic. There were some signs of easing supply-chain bottlenecks before the latest developments in Ukraine, Tenreyro said.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
