China reopening, Americans shopping, Brits working
NAB Morning Call
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The Bank of England's Challenge Is Tight
The uk. employment rate of just three point seven % is the lowest in 50 years. A massive spike in job vacancies has exceeded people looking for work. That's got to wage push inflation all over it, hasn't it? It reemphasizes the dilemma thatthe bank of englandis facing. Andrew bailey is changing his rhetoric. But he used the word apocalyptic yesterday. He was saying gar foot prices. Well, you don't buy food during an apocalypsty.
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