BOE's Ramsden Deputy Governor, Markets and Banking before the TSC 17 OCT
Ramsden the warm-up act for governor Carney who's due to appear around 10.15 GMT
- when time comes to unwind QE, it will be a poiority of mine to ensure it is done in a manner that ensures gilt market continues to function smoothly
- sees real risk that Brexit uncertainty means business investment could turn out weaker than in BoE central forecast
- business investment growth might not compensate for sluggish consumption growth over the forecast
- resilience of consumers may surprise BoE again over forecast horizon as squeeze in real incomes eases
- measures of domestically generated inflation are consistent with there still being some slack in the economy
- measures of domestically generated inflation generally remain a little below levels consistent with the 2% target
- no sign of second round effects onto wages from higher recent inflation
- inflation expectations appear well anchored, despite the sharp rise in headline inflation
Watch it all live here.
GBPUSD back up to 1.3284 and EURGBP down to 0.8857
I hope you're making a few pips. I'll just carry on typing. Grrrrrrrr.
