BOE's Broadbent says there's no great urgency to raise interest rates
BOE dep gov speaking on BBC radio 5 Live
- low CPI may be having some impact on wages
- oil price drop is net positive for UK economy
- overall picture is still one of solid growth
- slowdown is mainly due to emerging economies
" I would describe Europe as a relative bright spot"
Based on the latest BOE growth forecasts Broadbent said it's
"likely that interest rates will have to go up over the next 2-3 years"
Nothing we don't already know but GBP takes a small dip anyhow but as much on general USD demand.
GBPUSD 1.4558 on session lows.
Broadbent - BOE in no rush to hike