At 10.00 GMT Governor Carney, Sir Jon Cunliffe, Deputy Governor- Financial Stability, Ian McCafferty and Kristin Forbes, Monetary Policy Committee Members give evidence on the November Inflation Report to this robust parliamentary committee
Recent appearances have been less than comfortable for the BOE boys and girls and we can expect them to get a decent grilling this time too in the wake of recent data, inflation and interest rate forecasts
McCafferty is one of the hawks currently voting for an immediate 0.25% rate hike
Read the latest BOE inflation report here but the highlights, all rather dovish were:
- 2015 CPI cut to 1.4% vs 1.7%
- inflation rate likely to fall below 1% within 6 months but sees 2% target at end of 3-year forecast period
- 2015 GDP forecast cut to 2.9% vs 3.1%
- 2016 GDP cut to 2.6% vs 2.8%
We’ll bring you all the headlines and analysis but you can watch it live here
Carney- is the charmer losing his appeal?
