BOE's Greene: Policy may have to be restrictive for an extended period of time

<ul><li>I believe r* may have risen</li><li>The labour market has shown signs of inflation persistence</li><li>Data on activity remains mixed though, so I continue to worry more about the risk of inflation persistence</li></ul><p>The hawkish comments today have been mixed with a turbulent market and <a href="https://www.forexlive.com/centralbank/bank-of-england-governor-bailey-says-the-uk-outlook-is-worst-ive-seen-20231130/" target="_blank" rel="follow">Bailey's dour comments </a>on the outlook for growth.</p>

This article was written by Adam Button at www.forexlive.com.