Ross Walker
Ross Walker
allowing disposable energy further higher inflation largely likely modest ongoing policy remain squeeze wage
With wage inflation still surprisingly muted and an ongoing squeeze on households' disposable incomes from higher energy costs, second-round inflation is likely to remain largely absent, allowing some further modest policy easing.
above cuts inflation rate rising target view
When you've got inflation rising above the bank's target it reinforces the view that we don't need more rate cuts this year.
bank bit casts consumer doubt forecasts growth stronger weakness
This suggests more weakness and casts doubt on the sustainability of stronger consumer spending. The Bank of England's growth forecasts look a bit optimistic.