just out on the wires. speaking on CNBC

  • doesn’t think QE has suddenly become ineffective

Throw some more on the fire then when Mr C arrives !

GBP unmoved GBPUSD 1.5069 EURGBP 0.8545


  • BOE remit allows us to pay atttention to output growth
  • revised remit doesn’t radically change way in which inflation target is judged
  • sees marginally more upside risk to growth forecast compared to BOE consensus