• Bank of England's Carney says for the last few years there has been some discomfort among mpc members that equilibrium unemployment rate estimate was too high - Inflation report hearings

Market news

21 February 2017

Bank of England's Carney says for the last few years there has been some discomfort among mpc members that equilibrium unemployment rate estimate was too high - Inflation report hearings

  • BoE's Carney says UK households tend to look through economic uncertainty unless it leads to tighter financial conditions

  • BoE's Vlieghe says migration inflows do not necessarily affect amount of slack in UK labour market

  • BoE's Haldane says situation for consumers is about to change as their incomes are squeezed by higher prices, will throttle back consumption

  • Haldane says most consumers so far have looked through impact of referendum, perhaps that should not have been a surprise

  • Haldane says upward revisions to uk growth forecast reflect stimulus since referendum, unexpected consumer behaviour, stronger world economy

  • BoE's Mccafferty says would have preferred reduction in equilibrium unemployment rate estimate to 4.75 pct, not 4.5 pct

  • BoE's Mccafferty says skills shortages and level of vacancies suggest we are closer to full employment than weak wage growth suggests

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