Testimony is continueing
- Depreciation is not good economic strategy
- Makes a country poorer
- It was becoming unhealthy how little volatility was in the markets.
- It is healthy the correlation between bonds and equities has changed
- pick up a volatility does not concern me in terms of path of UK interest rates
- greater volatility is relatively small potatoes in broader scheme of policy
Broadbent adds:
- UK interest rate futures and bond yields are more sensitive to economic news, this is welcome
