BoE’s Broadbent: Not inevitable to say rates will rise as Brexit proceeds

Key highlights from the speech by the Bank of England's Ben Broadbent, Deputy Governor Monetary Policy, at London School of Economics.

Not inevitable to say rates will rise as Brexit proceeds.

We’ve had only limited data since productivity flattened out.

MPC putting more weight than usual on direct measures of spare capacity.

EU withdrawal isn’t something that necessarily means lower interest rates; this belief is overdone.

 Households aren’t anything like as pessimistic as financial markets about Brexit.