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
Broadbent comments in the UK media (Telegraph, link - may be gated, but link to another source is not) )