BoE's Dhingra
- Many of the forces that previously fuelled rapid trade expansion seem to have diminished
- Higher US tariffs likely to cause a strengthening of the dollar int eh short term, would have some price-increasing effects in UK
- Shift in trading with Europe, though significant, has had relatively limited impact on overall price stability
- In a world with supply shorts, inflation targeting is essential
I don't see anything to get excited about here.
