BoE's Forbes: If economy stays solid and inflation pick-up continues, this could soon suggest a rate hike
|BoE's rate-setter Kristin Forbes crossed the wires last minutes, stating that a rate hike would still leave substantial amount of stimulus for economy.
More headlines (via Reuters):
- Monetary policy should not be on hold simply due to uncertainty, should be nimble to adapt
- Data do not suggest sharp deterioration in growth or unemployment likely in next couple of months
- Tentative data suggest inflation might be accelerating slightly more rapidly than expected
- Recent upside inflation surprises may be precusor to bigger overshoot of inflation target
- Inflation overshoot to near 3 pct was "just about tolerable" when forecasts implied weaker jobs and growth
- Downside risks to UK economy could re-emerge, outlook could deteriorate faster than expected
- UK's Brexit negotiations will likely continue to drive movements in sterling and confidence
- UK equilibrium unemployment rate likely below 5 pct, but above BOE's new 4.5 pct assumption
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.