{"id":165071,"date":"2025-09-24T04:51:27","date_gmt":"2025-09-24T04:51:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/165071\/"},"modified":"2025-09-24T04:51:27","modified_gmt":"2025-09-24T04:51:27","slug":"uk-inflation-risks-bank-of-england-and-oecd-warn-of-persistent-price-pressures","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/165071\/","title":{"rendered":"UK Inflation Risks: Bank of England and OECD Warn of Persistent Price Pressures"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Bank of England Chief Economist Huw Pill said that structural changes in the UK economy may be keeping inflation elevated, as the Organisation for Economic Cooperation and Development warned Britain will suffer the fastest price growth in the Group of Seven.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Pill said on Tuesday that domestic price pressures are easing at only a \u201cslow pace\u201d and pointed to a lack of competition in the labor market that may be causing a \u201clasting shift\u201d in wage and price setting. <\/p>\n","protected":false},"excerpt":{"rendered":"Bank of England Chief Economist Huw Pill said that structural changes in the UK economy may be keeping&hellip;\n","protected":false},"author":2,"featured_media":165072,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,5693,164,176,5465,5626,180,1788,10839,1667,6221,3586,21259],"class_list":["post-165071","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economics","tag-economy","tag-federal-reserve","tag-inflation","tag-interest-rates","tag-jobs","tag-labor","tag-policy","tag-seven","tag-switzerland","tag-united-kingdom","tag-wage-growth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/165071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=165071"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/165071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/165072"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=165071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=165071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=165071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}