BOE's Broadbent: Bias towards easing at BOE is now less pronounced

Author: Adam Button | Category: Central Banks

Comments from the MPC member:

  • Downside risks are less pronounced
  • We need clear evidence of sustainable return of inflation to target before we start to remove policy accommodation
  • Big open question is whether covid leads many people to decide they no longer need to be based in cities and instead work remotely
Cable is under a bit of pressure at the moment but that's coming with some broad USD strength and a bit of a risk-off tone creeping in. I wouldn't read anything into a little pre-NFP wobble.

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