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- BoE's MPC member Ramsden: Comfortable with where inflation expectations are at the moment
BoE's MPC member Ramsden: Comfortable with where inflation expectations are at the moment
- For me, risk of a permanent hit to GDP from the pandemic is likely to be above 1.5% points
- Likely, there will be a semi-permanent effect from this shock on commercial property sector
- Commercial real estate will probably see less investment in the immediate future."
- Open question whether this will result in more productive economy
- Possible investment in retail will shift into the capital from labour, could result in greater productivity
- UK inflation expectations have recovered
- Inflation expectations appear well-anchored; MPC can take some comfort
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