Carney: Productivity may be running higher than forecasts

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Answering questions on productivity

  • Risks to productivity are on the upside
  • It's an open question whether temporary slowdown that the BOE has forecast for productivity will happen
  • Disappointment in productivity growth has cause BOE to lower forecasts
  • We have not revised them higher even with seeing a pick up
  • There is no aggressive forecast for productivity

Haldane

  • BOE is being vigilant on wage growth

Vlieghe

  • Productivity growth will keep improving

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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