Comments from incoming BOE MPC member Kristin Forbes are on the wires:
- US economy beginning to recover
- Makes sense that BOE has decided to rate rates before reversing QE
- Any increase in economic uncertainty could quickly cause businesses to delay investment
- Decline in UK savings rate cannot be sustained without presenting risks
- Productivity growth has been unusually weak
The comments are ho-hum stuff. We highlighted the UK productivity slump earlier this week.
