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BoE’s chief economist Andy Haldane was out on the wires in the last hour, noting that market expectations of 25bps annual increase in interest rates are in line with MPC forecasts.  

Additional quotes:

   “¢   The UK pay growth is starting to pick up.
   “¢   There are upward and downward risks to BoE forecasts for pay growth.
   “¢   Sees a limited and gradual rise in UK wage growth, underpinning the similar increase in interest rates.  
   “¢   Risks to domestic prices are now broadly balanced.