Broadbent comments in the UK media (Telegraph, link - may be gated, but link to another source is not) )
The UK is emerging from a prolonged lockdown, Braoadbent sees a rapid bounce for the economy due to less saving and spending of accumulated cash.
On inflation Broadbent says picking out signal from noise will be difficult:
- "it's going to be quite noisy and bumpy this year"
- "When you get the shift in demand, you're going to run into bottlenecks in some areas, particularly in those areas where supply too has been hit for a particular reason ... in IT equipment and chips
- "That makes our life a little trickier because monetary policy has to look ahead a couple of years."
On that policy:
- not a fan of negative rates
- room for more QE if needed