Comments from BOE’s Micheal Saunders

  • Likely that interest rates will have to rise further over time
  • 2018 growth could well eceeed reduced sustainable potential rate of 1.5% or lower
  • Near-term outlook for growth is not great but it’s not terrible
  • Would not be surprised to see net outflows of EU workers from UK
  • There is no longer significant lablour market slack and pay growth is likely to improve to 3% or more in 2018

Nothing much market moving here but the comments on slack falling is something that the BOE is watching carefully. If that does bring good wages hikes, they’ll be looking closer at rates.

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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