MPC member Megan Greene signalled a possible rate hike within months, warning energy pass-through will push CPI back toward 3.3% in Q3. April CPI fell to 2.8%; services PMI contracted to 49.3 in May. June 17 is the test.
MPC member Megan Greene examined second-round effects from energy shocks in her June 2 speech, outlining scenarios for the appropriate monetary policy response. Source
