BOE's Broadbent: Likelihood for persistent deflation is low - comments from London
- Watching for signs that price falls hitting wage growth
- Sees 'good deflation' boosting both demand and output
- Risk that low inflation could last for longer than expected
- Inflation to receive a sizeable kick in coming years
- Natural real rate of interest more likely to rise
- CPI aim is for 2% and not 0%
- UK labor market continues to tighten