McCafferty on LBC Radio
Kinda stating the obvious.
- Low interest rates are likely to be with us for a quite significant period of time
- Sees plenty of room for more QE in the case of a downturn
- We are in no hurry to turn around on QE
- Brexit uncertainty has led many firms to take different decisions than would otherwise be the case
- Not convinced inflation will fall much futher, much faster, but foreign exchange impact is starting to fade.
