Comments from the MPC member:
- Downside risks are less pronounced
- We need clear evidence of sustainable return of inflation to target before we start to remove policy accommodation
- Big open question is whether covid leads many people to decide they no longer need to be based in cities and instead work remotely
Cable is under a bit of pressure at the moment but that’s coming with some broad USD strength and a bit of a risk-off tone creeping in. I wouldn’t read anything into a little pre-NFP wobble.