BoE: Broadbent and Haldane speech awaited for rate hike clues – Lloyds Bank

Amid the June Bank of England MPC vote split in which three members voted for an immediate rate hike and the recent flurry of speeches from officials, we have yet to hear from Deputy Governor Ben Broadbent and is scheduled to speak in Aberdeen at midday, points out the research team at Lloyds Bank.

Key Quotes

“He voted with the majority to leave rates unchanged, but his views on the trade-off between elevated inflation and softer economic growth will be closely examined. Dr Broadbent is seen as a centrist or moderate dove. BoE Chief Economist Andy Haldane also speaks today, but the topic is on numeracy rather than policy.”

“Outside the UK, the US Fed’s Lael Brainard will give a keynote speech on normalising central bank balance sheets at 17:30BST. She is the last scheduled Fed speaker before Chair Yellen’s testimony to Congress starting tomorrow.”