BoE’s Weale: BoE should wait for firmer evidence before changing policy - TDS
|Research Team at TDS, notes that in the UK MPC member Martin Weale spoke this morning about the impact of Brexit on monetary policy.
Key Quotes
“As we had expected, he affirmed his place as the hawk on the MPC, saying that he does not know if he will back a rate cut at the BoE’s 4 Aug meeting, that early action on rates is not needed as there is no sense that consumers or businesses are panic stricken, and that the BoE should wait for firmer evidence before changing policy.”
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.