Bank of England's Gertjan Vlieghe speaks in a panel on household debt in London
- There is increased evidence that tighter labour markets are beginning to have upwards effect on wages
- Rise in UK debt burden not sustainable if it continues for many years
- Households are leveraging up when not much slack in the economy
- MPC should take an interest in that matter
Well, it doesn't look like Vlieghe is so much a dove anymore. But it doesn't change the picture for the BOE as well. Rate hikes are most certainly going to come this year if the BOE is to be believed, so yeah.
Cable unchanged on the comments, now at 1.3840 - a little lower after touching highs of 1.3876 earlier. EUR/GBP settling in a nice range at 0.8860 while GBP/JPY is at 150.40, little changed as well.
