UK is using up slack but there's more to go

  • We will not be bound by past comments on when we raise rates (referring to his Mansion House comments)

Ben Broadbent

  • There is no mechanical link between the output gap and rates
  • BOE must take into account the decline in neutral rate

Back to Carney

  • Sees a smart rate of growth in business investment
  • Business investment in the run up to the referendum will depend on how the campaign unfolds