Comments from the Bank of England's Monetary Policy Committee (MPC) member Jan Vlieghe
- "I am relaxed about waiting a little longer before we start" (raising interest rates)
- Would want to see UK economic growth stabilise or pick up before being persuaded on higher rates
- Said there had been "a little bit of disappointment" on wage growth
Also ... Vlieghe said the impact (tightening effect) on policy from a strong sterling exchange rate has been 'huge'. That is, the impact of higher GBP doing the job of tightening has been significant.
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Reuters with the headlines from comments by the Bank of England's newest Monetary Policy Committee member Dr Gertjan Vlieghe (known as 'Jan' ... another one!).
He was speaking in a UK Sunday Times interview (Sunday Times is gated, link is here: Hedgie in Threadneedle St sees rates on hold, and more here: MPC's hedgie cool on rate rise)
Vliegh is a former hedge fund economist and takes pretty good selfies
