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Compared with the Autumn, when I was voting for an increase in Bank Rate, the fall in oil prices has certainly provided some unexpected breathing space. It is, however, at present no more than that.
– Wednesday Weale
Found on Reuters2 years ago
The exchange rate rose by 2.5 percent in February and I am starting to wonder whether a rising exchange rate might be the next of these shocks.
If wage growth continues to accelerate over the next few months, especially in the absence of a pick-up in productivity, then for me it strengthens the case for a rise in Bank Rate.
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"Wednesday Weale Quotes." Quotes.net. STANDS4 LLC, 2017. Web. 23 Jul 2017. <http://www.quotes.net/authors/Wednesday+Weale>.