BoE's Catherine Mann says the labor market is "static," not loose, and she is worried about wage settlements landing while inflation runs "notably" above 4% early next year. She was in the minority vo

What happened: Bank of England governor Andrew Bailey said it is "early days" for the full effect of energy prices on inflation, noting a lengthy period of higher costs would squeeze corporate margins and spur some companies to raise prices. Why it matters: Bailey's comments signal the BoE expects energy costs to keep feeding into inflation, with companies potentially passing higher costs to consumers. Key numbers: omit

BoE's Bailey signals energy price inflation impact still unfolding, warranting monitoring.

BoE's Bailey signals energy price inflation impact still unfolding, warranting monitoring. — impact context not separately stored; see What changed.