More from BOE’s Dale… Inflation’s sharp fall has helped BOE’s credibility

Author: Pete Jackson | Category: News
  • But GDP mandate may raise questions on credibility
  • QE has had a material impact on the UK economy
  • Against adjusting inflation goal
  • Raising target isn’t appropriate when CPI is elevated
  • Economics of Treasury coupon are all fine
  • Some funding rates may have to fall further
  • FLS is ‘so far so good’, offsets uncertainty