Increase wont come. Lets not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. Joining me now is Neil Shearing group Chief Economist at capital economics. Thanks very much for being with us today. Clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped . The fall in the Headline Rate of inflation, as you say, thats going to be welcomed by the Bank Of England. It takes a bit of pressure off them. But when you start to dig into the details of this report, i think perhaps there is still some uncomfortable reading there for the policymakers of the bank. As you mentioned, a lot of the fall in the Headline Rate, that is driven by what has happened to food and Energy Prices and that is out of the banks control. Interest rates dont tend to affect the price of our energy or food. Those are set in global markets. What they do affect his conditions in the real economy,
increase won t come. let s not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. joining me now is neil shearing group chief economist at capital economics. thanks very much for being with us today. clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped? the fall in the headline rate of inflation, as you say, that s going to be welcomed by the bank of england. it takes a bit of pressure off them. but when you start to dig into the details of this report, i think perhaps there is still some uncomfortable reading there for the policymakers of the bank. as you mentioned, a lot of the fall in the headline rate, that is driven by what has happened to food and energy prices and that is out of the bank s control. interest rates don t tend to affect the price of our energy or
San Juan City starts its vaccination rollout
Published March 6, 2021 3:42pm Metro Manila s San Juan City started its vaccination program rollout for its medical frontliners on Saturday. GMA New s 24-Oras News Alert reported that San Juan Medical Center director Retired Gen. Doctor Joseph Acosta was the first one who received the first COVID vaccine shot in the SJMC. Next in line were the city s medical frontliners, the report said. Earlier, the Cardinal Santos Memorial Medical Center, a private hospital, also began its vaccination process, the report added. LBG, GMA News