Comments by BOE member Ian McCafferty in a Reuters interview
- Sees no labour market slack, modest upside risk to BOE's February wage growth forecasts
- Unclear if import price inflation will fade as fast as BOE forecasts
- Brexit uncertainty will be a permanent feature of UK economic landscape
- Any numerical guidance on UK interest rate outlook would be too open to misinterpretation and error
- Brexit uncertainty is hampering longer-term investment, but not shorter-term projects or exports
Not surprising as McCafferty is one of the two that dissented in the BOE's March meeting - saying that rates should be risen immediately.
It's helping to put a bid in sterling though, as cable jumps to session highs of 1.4169 - at the same time the dollar is weakening a little against the euro and yen as well.
