Bank of England deputy gov speaking to the BBC 17 Oct
- undesirable consequences such lower economic growth and higher unemployment
Broadbent was out earlier saying inflation could overshoot 2% targets repeating what Carney was repeating last week.
The headline above illustrates the fine balance between low GBP
helping forcing up inflation but not letting either run too far.
Meanwhile GBPUSD still trawling around 1.12165 EURGBP 0.9033
Yawn of a session since that early flurry eh?
Broadbent - Rate hikes could have highly undesirable impact