BoE’s Mccafferty: likely rates will go up slightly earlier than thought
|BoE’s Mccafferty is taking question live on LBC Radio until 5 GMT.
Key notes:
- BoE’s Mccafferty: UK economy holding up relatively well so likely rates will go up slightly earlier than thought in late 2017 – LBC
- BoE’s Mccafferty: it’s not all doom and gloom for UK economy - LBC
- BoE’s Mccafferty: people have got over the Brexit big shock in 2016, spending started to grow again -LBC
- BoE’s Mccafferty: BoE overestimated impact of Brexit uncertainty on people's behaviour - LBC
- BoE’s Mccafferty: growth faster than expected - LBC
- BoE’s Mccafferty: rates will have to go up gradually - LBC
- BoE’s Mccafferty: inflation running over 3%; the market is factoring in 3 rate rises of 25bps over next couple of years - LBC
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