BoE’s Greene says it is right to proactively tighten monetary policy stance

BoE’s Greene says it is right to proactively tighten monetary policy stance – FT

Bank of England policymaker Megan Greene stated on <a proactively tighten our monetary policy stance" to guard against the danger of wage growth remaining elevated and businesses transferring those expenses to consumers.

In an opinion piece for the inflation near the 2% target.

Regarding the current state of the labor market and wage trends, she wrote: “All of this suggests we don’t have as much slack as we thought and it may already have peaked.”

“The risk of wage growth getting stuck at higher levels and firms passing those costs through is therefore greater, and it is appropriate to proactively tighten our monetary policy stance to lean against this.”