Bank of England Deputy Governor Sarah Breeden argued today that “second-round effects” from the Iran energy shock are less likely to take root in the UK. Citing rising slack in the labor market and a lackluster outlook for economic activity, Breeden suggested that diminished pricing power for firms and workers acts as a natural buffer […]The post BoE’s Breeden: ‘Lackluster’ Growth is the UK’s Disinflationary Shield appeared first on ActionForex.