BOE’s Vlieghe, McCafferty, Saunders and Cunliffe are facing questions on the inflation report 21 November 2017

Cunliffe

  • It’s possible to wait before tightening policy until there is clear evidence that pay growth is responding to the level of unemployment in line with our forecast

Vlieghe

  • Inflation likely to peak around now if oil and sterling remain where they are
  • Expects wage growth to rise to 3.0%
  • If you wait for all signs to line up before raising rates, you will almost certainly be too late

Saunders

  • CPI is likely to rise a little above 3.0% in the near term on rising energy prices
  • Considers it likely that interest rates will need to rise further over time
  • In near-term, Brexit is likely to reduce the economy’s openness

Watch them live here.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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