Speaking on BBC’s Radio 5 Live now.
Comment is in line with yesterday’s inflation report
- will not be drawn on when the rate rises will begin
- economic recovery is not debt based
- BOE forecasts show falling jobless for 2-3 years
- starting to get return to growth in real pay
- London economic growth not too different from rest of country
- general house price rises not unexpected given economic growth but not a lot of credit growth right now
- chances of imminent Eurozone disaster have clearly receded
Being understandably cautious in line with Carney’s comments yesterday. Broadbent is due to become Dep Gov on July 1
GBPUSD still around 1.6775
