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?

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