Obviously there has recently been alot of speculation the old lady will go for more QE at the February MPC meeting. Mr Broadbent seems to be saying maybe not soooo quickly.
- Downside risks 6 months ahead slightly lower
- ECB actions, BOE QE lower downside risks
- Reasonable to expect growth to pick up in H2
- Household income growth to improve in H2
- Degree of fiscal tightening to ease
- Sees November forecast of flat Q4/Q1 growth unchanged
- Jubilee olympics may cause growth volatility
