16 Feb 2016
UK wages limit chances of BoE rate hike - ANZ
Analysts at ANZ noted that BoE MPC member McCafferty warns of stagnat wages.
Key Quotes:
"BoE MPC member McCafferty stated that the case for a rate rise is less compelling as upside risks to wages had been pushed out.
However, we do note that between August 2015 and January 2016, McCafferty had been the only MPC member to vote for a rise in the bank rate before calling for no change in rates in February."
Key Quotes:
"BoE MPC member McCafferty stated that the case for a rate rise is less compelling as upside risks to wages had been pushed out.
However, we do note that between August 2015 and January 2016, McCafferty had been the only MPC member to vote for a rise in the bank rate before calling for no change in rates in February."