Now we see where he sits on policy
- Is not confident that inflation will rise
- Says BOE has time to wait and see before raising rate
- BOE has the tools to deal with future disappointment
- We can cut rates or extend QE
- The effectiveness of QE has probably declined over time
- Next move for interest rates is more likely to be up than down
So he's on the dovish side of the street right now but listening to him he doesn't seem dead set in his ways like some and is ready to move as the economy does
