7/15, 10:37 AM (Source: TeleTrader)
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BoE's Tenreyro sees sharp recovery in UK purchases

Member of the Bank of England's Monetary Policy Committee, Silvana Tenreyro, said on Wednesday the United Kingdom already sees a "sharp" recovery in purchases as the reopening of the economy proceeds.

Tenreyro commented on today's data reports, suggesting that headline inflation will continue to weaken short-term due to lowered energy prices and recent tax cuts.

Lastly, she estimated the UK economy will likely see disinflationary pressures in the days ahead.

Breaking the News / ND