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King Says Inflation Risks Are Balanced

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"There are significant risks to the central projection on both the upside and downside," said King.

No Idea? Thats just great

His comments suggest the central bank is in no hurry to move interest rates in either direction as the Monetary Policy Committee also expects growth to recover back towards its long-term average.

But MPC member Steve Nickell, appearing before the same committee, said that if policymakers were about to do anything, it would be to cut rates.

Nickell has unsuccessfully voted for a rate cut for four months running because he believes growth will not pick up as quickly as the central bank's main forecast.

Fellow MPC member Kate Barker said that while she had some sympathy for some of Nickell's views, she was still not convinced high energy prices would not feed into higher wages and saw no urgent need for a rate cut.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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