Yes folks the Carnester is still going with his Q&A
I'm gonna need a deeper ice bath for my fingers.
- we have not given any signal of timing of rate rises
- wage growth and unit labour costs are not yet at levels consistent with 2% inflation but expect them to hold
- Brexit uncertainty is affecting wage bargaining
But cheap immigrant labour is fading too Mr C.
- BOE has almost done as much as it can for jobs market
- Loss of access to EU markets in Brexit hurts the UK
- The BOE is second to Brexit in terms of macroeconomic outlook
Dep gov Broadbent:
- level of household debt still materially lower relative to income than before financial crisis
Don't get complacent on that one Ben as I highlighted in my MPC preview.
FTSE 100 up 0.7% on 1-week highs
GBPUSD continues to slide to 1.3120 and EURGBP up to 0.9041. Some GBP demand around here but I still expect GBP rallies to be sold.
Carney continues to look down on CPI and GDP forecasts
