Bank of England (BOE) Policymaker Gertjan Vlieghe is on the wires now, via Reuters, making a scheduled speech on ‘Real Interest Rates And Risk’.
We are approaching the moment when bank rate may need to rise
Appropriate time for a rise in bank rate might be as early as in the coming months
Wage growth is not as weak as it was earlier in the year
Some pay-related surveys also suggest a modest rise in wage pressure in recent months
If near-term Labour market trends continue, expect upward pressure on medium-term inflation
There are some early signs of stronger consumption growth in Q3
Equilibrium real interest rate up from the very low levels in the post-crisis period
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