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BOE's Greene on UK Rate Impact
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BOE policy maker Megan Greene suggests that UK rates may not be as impactful on inflation as previously thought, with recent rises in natural rates of unemployment and interest rates. She emphasizes the need for rates to remain restrictive for an extended period to combat persistent inflation.
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How might Greene's perspective on UK rates influence the Bank of England's future monetary policy decisions?
How might the changing perception of UK rates on inflation and borrowing costs affect the broader UK economy and international markets?
What are the potential implications of Greene's views on the impact of rising business investment on the natural rate of interest?
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