BOE new girl signing in
– Says she is ready to challenge the governor publicly
– When BOE reduces size of asset purchase facility, balance sheet is unlikely to return to pre-crisis level
She’s speaking at her appointment hearing with the Treasury Select Committee, and on the face of it, she’s making a strong case that she’s ready to ruffle some feathers if needed. We’ll have to see which way she leans on the hawk/dove scale as she’s not really set a position yet.
BOE’s Hogg: Tolerance for CPI temporarily above target will depend on events
