BoE's Mcafferty sees no labour market slack, "modest upside risk" to Bank of Englad's february 2018 wage growth forecasts

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10 April 2018

BoE's Mcafferty sees no labour market slack, "modest upside risk" to Bank of Englad's february 2018 wage growth forecasts

Says unclear if import price inflation will fade as fast as boe forecasts
Any numerical guidance on UK interest rate outlook would be too open to misinterpretation and error
Says brexit uncertainty hampering longer-term investment, but not shorter-term projects or exports

In February 2018, french output decreased again in the manufacturing industry (−0.6% after −1.0% in January) - Insee

Nowotny - now is the time to start the gradual normalisation of monetary policy

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