BOE’s Broadbent into some Q&A
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There’s particular danger in looking at lift off date implied by market yield curves
– Some coverage of the inflation report was misplaced in saying rates would not rise until a certain time
I’m in full agreement with him on implied market indicators. Just because we have something in black and white as to what the market thinks doesn’t mean that they will be right. Why they are important for trading is that generally lead the market sentiment and that brings opportunity if you believe that they are wrong