BOE's Weale says they could cut rates and re-start QE if needed

Martin Weale speaking in Nottingham

• Next rate move likely to be up
• Unit wages costs could be stronger than the data suggests
• Zero inflation hasn't seemed to have damped wage growth
• BOE could expand asset purchases and cut rates if needed
• Sees scope for the BOE to buy private sector assets if needed

One of the big hawks offers a couple of dovish remarks that are ignored by the pound in favour of the hawkish ones.