BOE More Likely to Pause Than Fed, Says Abdrn's Kochugovindan

The video discusses the potential for a 25 basis point rate change by the BOE, highlighting a cautious outlook and a higher probability of a pause due to structural challenges. It also addresses tight labor markets and excessive wage pressures in the US and UK, which contribute to ongoing inflation issues. The decision-making process for both the BOE and the Fed remains complex.

How does the text describe the inflation situation in core services?

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What is the suggested approach for the BOE and Fed going forward?

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