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BBCNEWS BBC July 6, 2024

welcome. let me start with the situation welcome. let me start with the situation as we see it on the outlook situation as we see it on the outlook for the economy. the outlook for growth outlook for the economy. the outlook for growth and unemployment has improved~ for growth and unemployment has improved. six months ago we expected a shallow improved. six months ago we expected a shallow but long recession. since then energy prices have fallen substantially and economic activity is holding substantially and economic activity is holding up better than expected. so today is holding up better than expected. so today we forecast modest but not positive so today we forecast modest but not positive growth and a much smaller increase positive growth and a much smaller increase in positive growth and a much smaller increase in unemployment. we think inﬂation increase in unemployment. we think inflation will fall quite sharply over inflation will fall quit ....

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BBCNEWS BBC News June 4, 2024 11:38:00

Domestic seen interact with the state of the domestic economy. as headline inftation domestic economy. as headline inflation falls the second round effects inflation falls the second round effects are as unlikely to go away as quickly effects are as unlikely to go away as quickly as they appeared. the mpc judges as quickly as they appeared. the mpc judges that is important in a cemetery in inflationary dynamics this is cemetery in inflationary dynamics this is why cemetery in inflationary dynamics this is why even as headline inftation this is why even as headline inflation comes down the mpc pays particular inflation comes down the mpc pays particular attention to indicators of inflation persistence such as tabour of inflation persistence such as labour market tightness and wage growth labour market tightness and wage growth in labour market tightness and wage growth in services inflation. since the february report the news on these the february report the news on ....

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BBCNEWS BBC News June 4, 2024 11:35:00

We do especially those on lower incomes. we do see especially those on lower incomes. we do see food price inflation will start to we do see food price inflation will start to slow. global prices of wholesale agricultural commodities have come down since spring last year and have come down since spring last year and food producer prices indices year and food producer prices indices have eased in recent months. evidence indices have eased in recent months. evidence suggests food producers expect evidence suggests food producers expect production cost a moderate. white expect production cost a moderate. while this expect production cost a moderate. while this may take longer than purposely thought we expect this to feed through to consumer food inftation feed through to consumer food inflation over the next year. we have inflation over the next year. we have good inflation over the next year. we have good reasons to expect headline inftation have good reasons to e ....

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