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BOE’s Greene Warns Labor Hoarding Could Delay Interest-Rate Cuts

Posted on AllSides May 16th, 2024
From The Left

Bank of England policymaker Megan Greene warned that interest-rate cuts may be delayed if British firms excessively hold onto workers after facing post-pandemic staff shortages.

In a speech on Thursday, Greene said that data before the Monetary Policy Committee next meets in June will be crucial in determining how long the “last mile” in the fight against inflation will be.

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