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
Add:
- 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