BoE’s McCafferty: Number of small rate hikes expected over next 2-years

BoE Policymaker Ian McCafferty continues to give his remarks, with the key quotes, via Reuters, found below:

• We take into account movements in the foreign exchange market
• Modest rate hikes seen if the UK economy matches BoE forecasts
• Data over the next 3, 6 & 12 months will be critical to wow the MPC votes
• Events overseas are biggest risks to UK economy, not consumer credit