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
Latest posts by Ryan Littlestone (see all)
- The last NFP competition of 2022 - December 1, 2022
- Will this month’s US NFP be a horror show? - October 4, 2022
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022