Comments from incoming BOE MPC member Kristin Forbes are on the wires:

  • US economy beginning to recover
  • Makes sense that BOE has decided to rate rates before reversing QE
  • Any increase in economic uncertainty could quickly cause businesses to delay investment
  • Decline in UK savings rate cannot be sustained without presenting risks
  • Productivity growth has been unusually weak

The comments are ho-hum stuff. We highlighted the UK productivity slump earlier this week.