In today’s briefing:
- BoE Remit Reforms
- CX Daily: Four Things to Know About China’s Power Crunch
BoE Remit Reforms
- The UK’s probable next Prime Minister is channelling frustration about high inflation towards a review of the Bank of England, raising the risk of a remit change.
- Alternatives like average inflation and nominal GDP targeting remain undesirable, so a credible review will probably support the 2% inflation target.
- Removing the distraction of supporting green objectives would be sensible politics. Restricting non-state dependent guidance would be more beneficial but is less likely.
CX Daily: Four Things to Know About China’s Power Crunch
Power crunch / Four things to know about China’s power crunch
Covid-19 / Trending in China: Police scorned online for punishing men attending funeral during lockdown
Economy / China rolls out more measures to stabilize economy
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