BoE’s Deputy Gov Broadbent: Expect rates to rise in a limited and gradual manner

BoE Deputy Governor, Ben Broadbent was out with some comments in the last hour saying that a fall back in market expectation for interest rates was the main reason for stronger central bank’s forecast in the inflation report.  

Additional quotes:

   “¢   A 25bps rise a year would not be particularly dramatic.
   “¢   Expect rates to rise in a limited and gradual manner.