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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.