BOE quarterly inflation report 08.02.2018
- Hikes to come sooner and more frequent than previously forecast in Nov 2017 QIR
– Time horizon for hikes to be a more conventional 2-yrs, rather than 3-yrs
– Ongoing withdrawal of stimulus required based on growth and inflation outlook
– Bank maintains that rate rises to be gradual and limted
– Output gap seen closing sooner than previously anticpated
– MPC expect wages to outpace inflation this year
– Squeeze in living standards is easing
– Inflation seen falling back toward but still above 2% target in 2018 - Big jump in cable to 1.3990 on the frequent hike lines
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