BOE’s Vlieghe: One to two rate hikes a year needed

BOE board member Vlieghe is back on the wires now, via Reuters, this time addressing the Q&A session following his earlier speech.

Key Points:

His own central forecast is for one to two rate hikes a year.

Says his forecast assumes wage, productivity growth picks up.

Not at a point yet for the BOE to change its smooth Brexit assumptions.