Can’t see anything to warrant shift in UK interest rate expectations – BOE’s Cunliffe

Bank of England (BOE) deputy governor Jon Cunliffe is now on the wires, noting that he sees no reason to alter his view on BOE’s rate hike outlook.

Key Quotes:

Can’t see anything in past 3-4 weeks to warrant shift in markets' UK interest rate expectations

Big picture of the world hasn't changed with the yield curve

Productivity has still not recovered, pay is still stuck