BoE’s Saunders expects higher post-Brexit growth than central forecast
Labour market looks more sluggish than consensus, however
Michael Saunders, the Bank of England's newest monetary policy committee member, used a speech today (October 5) to outline areas in which he differs from the committee's consensus, including higher post-Brexit growth.
Saunders said he expected the labour market to "behave rather differently" to the MPC's central forecast, with more "subdued growth" in pay and unit labour costs. He said he suspected the economy's equilibrium jobless rate was lower than the committee's assumed 5%, which implies
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