BOE’s Broadbent: Pretty confident yesterday’s measures will have some effect
|Bank of England (BOE) policymaker Broadbent was on the wires via BBC Radio 4, commenting on yesterday’s BOE rate cut decision.
Key Quotes:
“Surveys are not just about confidence but actual activity and jobs”
“We did not spend a lot of time considering whether our actions could hurt confidence in the economy”
“Sterling only saw a relatively small move after the announcement”
“BOE action do not send out a message of panic”
“The flexibility in the UK economy is not enough on its own to stop a slowdown”
“Stg moves have been stable recently compared to post-brexit”
“Easing policy is not bad for confidence”
“Plenty of evidence for yesterday’s decision
“Pretty confident yesterday’s measures will have some effect”
“Able to act in a 'more timely way' than govt”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.