BoE's McCafferty warns UK economy likely to go through "slow-motion economic slowdown", sees growth around 1.5% per annum
- McCafferty is said to have predicted that "balancing inflation and economic capacity will push interest rates up sooner rather than later"
- Another attendee said McCafferty identified "two trends: growth slowed after Brexit," and "we're clearly seeing inflation"
NOTE: Newswires have been unable to confirm these comments
- Speaking to RANsquawk, the Bank of England said it was an off-the-record briefing, and as such, is also unable to confirm the veracity of the comments.
Reaction details (14:30)
NOTE: BOE's McCafferty has been one of the dissenters on the MPC calling for the BOE to lift the Bank Rate.
At its last meeting, the Bank voted 7-2 to hold rates, and forecast growth of 1.7% in 2017, and 1.6% for 2018
20 Sep 2017 - 14:24- - Source: Newswires
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