External BOE MPC Member Jonathan Haskel, testifying before the Treasury Select Committee on his appointment, was noted saying that opportunities for adjusting bank rate to control the economy appear to be growing more.
Additional quotes:
“¢ Effect of Brexit on UK economy is very uncertain.
“¢ MPC should keep a very close eye on Brexit developments.
“¢ Changing inflation target would be ill-advised.
“¢ Predicts outlook for consumer spending to be subdued.
“¢ Very retarded investment has been key to UK’s slow productivity growth.
“¢ Sees merit in issuing rate path expectations.
“¢ Agrees with the ‘broad direction of travel’ on BOE guidance on interest rates.
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