BOE’s Haskel: High inflation to remain unless labour market weakens

• UK labour market is extremely tight
• Labour market tightness has been easing rather slowly

The latest tweaks by ONS to their labour market calculations are not making things any easier to read, as evident by the latest report here. But in any case, it is clear that the conditions are not there yet to compel the majority of policymakers at the BOE to pivot on policy just yet. At least not for the time being.

This article was written by Justin Low at www.forexlive.com.