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Mann asked where long-term nominal rates are going

BOE

She says the landscape has changed since Covid and that BOE looks at it on a regular basis. Says she focused on risks to productivity growth (which impact long-term equilibrium rate): Brexit and WFH - both have a lot of additional analysis to be done to evaluate which one dominates in the longer-term. We aren't talking about next year, the outcome won't be clear in a year. It's important to keep these in mind along with other components to potential output.

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She says the landscape has changed since Covid and that BOE looks at it on a regular basis. Says she focused on risks to productivity growth (which impact long-term equilibrium rate): Brexit and WFH - both have a lot of additional analysis to be done to evaluate which one dominates in the longer-term. We aren't talking about next year, the outcome won't be clear in a year. It's important to keep these in mind along with other components to potential output.