

By David Milliken
LONDON (Reuters) -Bank of England Chief Economist Huw Pill said on Monday that Britain risked persistent inflation pressures from a tight labour market, even if natural gas prices stabilise or fall.
"The distinctive context that prevails in the UK – of higher natural gas prices with a tight labour market, adverse labour supply developments and goods market bottlenecks – creates the potential for inflation to prove more persistent," Pill said in a speech to be delivered in New York later on Monday.
"(This) will strongly influence my monetary policy position in the coming months," he added.
The BoE released a text of Pill's comments ahead of the speech he plans to give to the Money Market Association of New York University.
The Bank of England raised its main interest rate to 3.5% in December, up from 0.1% a year before, and financial markets expect the central bank to raise rates again to 4% at its next policy announcement on Feb. 2.
Economists and markets are split, however, on how much further rates will rise beyond that. Inflation has fallen slightly since hitting a 41-year peak of 11.1% in October, and Britain's economy appears to be entering a shallow recession.
Pill said that even if there was an easing in natural gas prices, the main driver of the most recent surge in inflation, that was no guarantee that underlying price pressures would fall enough for inflation to return to the BoE's 2% target.
Businesses and workers needed to accept lower inflation-adjusted profit margins and wages than before the energy shock, Pill said.
"The longer that firms try to maintain real profit margins and employees try to maintain real wages at pre-energy price shock levels, the more likely it is that domestically-generated inflation will achieve its own self-sustaining momentum," Pill said.
Britain is currently facing a wave of strikes as trade unions seek to minimise the impact of inflation on their members' pay.
EUR/USD
1.0995
+0.0006 (+0.05%)
Summary
BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (4)
EUR/USD
1.0995
+0.0006 (+0.05%)
Summary
BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (4)
GBP/USD
1.2315
-0.0061 (-0.49%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (7)
USD/JPY
128.80
-0.12 (-0.10%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (2)
AUD/USD
0.7126
-0.0009 (-0.13%)
Summary
NeutralMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (1)
Sell (6)
USD/CAD
1.3282
-0.0006 (-0.04%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (5)
EUR/JPY
141.63
-0.06 (-0.04%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (2)
EUR/CHF
1.0000
+0.0020 (+0.20%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (3)
Sell (3)
Gold Futures
1,969.55
+26.75 (+1.38%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (10)
Silver Futures
24.552
+0.943 (+3.99%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Copper Futures
4.1635
+0.0525 (+1.28%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (6)
Crude Oil WTI Futures
76.12
-0.29 (-0.38%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (8)
Brent Oil Futures
82.38
-0.46 (-0.56%)
Summary
NeutralMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (4)
Sell (3)
Natural Gas Futures
2.483
+0.015 (+0.61%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
US Coffee C Futures
177.78
+1.88 (+1.07%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (7)
Euro Stoxx 50
4,205.45
+34.01 (+0.82%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (9)
S&P 500
4,119.21
+42.61 (+1.05%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (1)
Sell (9)
DAX
15,377.05
+196.31 (+1.29%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (5)
FTSE 100
7,803.27
+42.16 (+0.54%)
Summary
BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (5)
Sell (3)
Hang Seng
21,958.36
-113.82 (-0.52%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (3)
US Small Cap 2000
1,960.81
+28.87 (+1.49%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (2)
Sell (6)
IBEX 35
9,245.08
+146.98 (+1.62%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (8)
BASF SE NA O.N.
53.130
+0.390 (+0.74%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (7)
Bayer AG NA
56.83
+0.33 (+0.58%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (2)
Allianz SE VNA O.N.
221.75
+0.75 (+0.34%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (7)
Adidas AG
154.78
+7.20 (+4.88%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (7)
Deutsche Lufthansa AG
9.820
+0.141 (+1.46%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Siemens AG Class N
143.45
+0.45 (+0.31%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (4)
Deutsche Bank AG
12.025
-0.225 (-1.84%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/USD | 1.0995 | Buy | |||
GBP/USD | 1.2315 | ↑ Sell | |||
USD/JPY | 128.80 | Buy | |||
AUD/USD | 0.7126 | Neutral | |||
USD/CAD | 1.3282 | ↑ Sell | |||
EUR/JPY | 141.63 | Buy | |||
EUR/CHF | 1.0000 | Neutral |
Gold | 1,969.55 | ↑ Sell | |||
Silver | 24.552 | ↑ Buy | |||
Copper | 4.1635 | ↑ Sell | |||
Crude Oil WTI | 76.12 | ↑ Sell | |||
Brent Oil | 82.38 | Neutral | |||
Natural Gas | 2.483 | ↑ Sell | |||
US Coffee C | 177.78 | ↑ Sell |
Euro Stoxx 50 | 4,205.45 | ↑ Sell | |||
S&P 500 | 4,119.21 | Neutral | |||
DAX | 15,377.05 | Sell | |||
FTSE 100 | 7,803.27 | Buy | |||
Hang Seng | 21,958.36 | ↑ Sell | |||
Small Cap 2000 | 1,960.81 | Neutral | |||
IBEX 35 | 9,245.08 | Sell |
BASF | 53.130 | ↑ Sell | |||
Bayer | 56.83 | ↑ Buy | |||
Allianz | 221.75 | Sell | |||
Adidas | 154.78 | ↑ Sell | |||
Lufthansa | 9.820 | ↑ Buy | |||
Siemens AG | 143.45 | Sell | |||
Deutsche Bank AG | 12.025 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,710![]() ![]() (70 ![]() ![]() |
SJC HCM | 6,700![]() ![]() (40 ![]() ![]() |
SJC Hanoi | 6,700![]() ![]() (40 ![]() ![]() |
SJC Danang | 6,700![]() ![]() (40 ![]() ![]() |
SJC Nhatrang | 6,700![]() ![]() (40 ![]() ![]() |
SJC Cantho | 6,700![]() ![]() (40 ![]() ![]() |
Cập nhật 02-02-2023 19:09:58 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,954.95 | +2.28 | 0.12% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 24.000 | 24.480 |
RON 95-III | 23.140 | 23.600 |
E5 RON 92-II | 22.320 | 22.760 |
DO 0.05S | 22.520 | 22.970 |
DO 0,001S-V | 24.280 | 24.760 |
Dầu hỏa 2-K | 22.570 | 23.020 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $76.44 | +0.54 | 0.70% |
Brent | $82.45 | +0.53 | 0.64% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.250,00 | 23.620,00 |
EUR | 25.185,09 | 26.595,37 |
GBP | 28.322,09 | 29.529,81 |
JPY | 177,65 | 188,07 |
KRW | 16,64 | 20,27 |
Cập nhật lúc 18:53:07 02/02/2023 Xem bảng tỷ giá hối đoái |