BlackRock's Harrison Says a BOE Surprise Is Unlikely

The transcript discusses the monetary policies of the ECB and the Fed, highlighting a shift from a data-dependent to a forecast-based approach. It examines the Phillips Curve's relevance and the slow emergence of inflation pressures from wage growth. The UK economic outlook is also analyzed, focusing on Brexit's impact on wage demands and investment intentions.

Discuss the relevance of the Phillips Curve in the current economic context.

What challenges does the Bank of England face regarding wage increases?