Speaking to BBC Radio this Friday, the BoE Governor Mark Carney was noted saying that weak productivity is a big part of the economic puzzle.
Key quotes:
“¢ Market expectation for rates moving to 1.5% over the next few years isn’t a bad rule of thumb.
“¢ We are not raising rates to give a cushion if we need to cut rates again.
“¢ RBS results are another sign that we’re moving beyond the financial crisis.
“¢ The possibility of a no deal Brexit is uncomfortably high.
“¢ No deal Brexit would likely mean higher prices for a period of time.
Share
