Incoming Bank of England deputy governor Nemat Shafik will be questioned in the House of Commons at 1315 GMT.
Nine times out of ten these kinds of sessions don’t result in any meaningful insights into the leanings of a new central banker but there’s always a chance of a slip-up. Otherwise, we will look to get a sense of her personality and whether she’s willing to swim again the BOE tide or battle with Carney on when to raise rates.
The excitement about rate hikes has ebbed after yesterday’s soft industrial production number along with softer CPI. The BOE meets tomorrow but isn’t expected to unveil anything new.
