Speaking now on BBC Radio 5 Live
- expects real wages to grow
- expects path of interest rates to be rather different than in previous years
- rises will be gradual
- normalization will leave interest rates at lower levels than previously before financial crisis
Dep gov on the Wake up to Money programme and sticking to the script so far
GBPUSD 1.5770 unchanged on the comments EURGBP 0.7889
- disinflationary trends to remain for a while yet especially if commodity price trend remains low
- market rate expectations in line with CPI target
Interview ends 05.59 GMT
Broadbent- sticking to the BOE script
