Comments from the Bank of England's Monetary Policy Committee (MPC) member Jan Vlieghe
- "I am relaxed about waiting a little longer before we start" (raising interest rates)
- Would want to see UK economic growth stabilise or pick up before being persuaded on higher rates
- Said there had been "a little bit of disappointment" on wage growth
Also ... Vlieghe said the impact (tightening effect) on policy
from a strong sterling exchange rate has been 'huge'. That is, the impact of higher GBP doing the job of tightening has been significant.
Reuters with the headlines from comments by the Bank of England's newest Monetary Policy Committee member Dr Gertjan Vlieghe (known as 'Jan' ... another one!).
Vliegh is a former hedge fund economist and takes pretty good selfies