BOE governor still up in front of the Treasury Select Committee 24 May 2016
- UK treasury forecast assumes that if UK leaves EU inflation rises and falls rapidly than BOE's more protracted expectation
Broadbent adds that he has hardly given the UK Treasury forecasts a second glance!
This is pure soap-opera. Funny/sad/tragic all in one episode ( ok, definitely more funny than I'm led to believe about the average soap episode. It won't surprise you to learn I don't watch any.)
More from Carney:
- financial market reaction was mild on day of May BOE inflation report
- making markets aware of BOE thinking reduces chances of sterling overshooting due to misunderstanding of how MPC would react to Brexit
Yep, Marky. Clear as mud right now thanks
Broadbent:
- might get more than another 5% depreciation in GBP on Brexit outcome
