• says it’s a different scenario to the problems that Japan faced/face
  • it’s likely that going into next year that wages will pick up and start to outstrip inflation
  • can’t give cast iron commitment on rates
  • inflation outlook is key for interest rates
  • path back to normal rates will be gradual

Interview now over

A cautious but generally hopeful/optimistic bunch of comments. GBPUSD little changed at 1.6679