ICYMI - Bank of England Governor Bailey once again flagged rate hike prior to QE ending

BoE Governor Andrew Bailey spoke on Monday UK time.

Earlier post:

• BOE's Bailey: We are seeing currently a much greater dispersion of wage settlements

Bloomberg have a recap of his speech, where Bailey's words:

• reinforce the option that interest rates could rise as early as this year.
• The central bank's key rate would become the tool of tightening policy to tame inflation, even before the current bond-buying program expires if necessary, Bailey said

Bailey's hedge is:

• Moving too soon, however, could disrupt the U.K.'s still nascent economic recovery, Bailey said.

Link to Bloomberg is here (may be gated)

Market pricing is not for a 2021 rate hike from the Bank, February is closer to the mark.