Comments from the BOE’s Vlieghe in Brussels
– Tension between pessimistic markets, cautious firms and optimistic households can’t last
– Brexit uncertainty has not caused material reevaluation of business spending, hiring plans so far
The bolded point is important. It shows that the BOE is firmly sidelined.
BOE’s Vlieghe: Keeping rates on hold is best for returning inflation to target
ByAdam Button
Nov 28, 2016