BOE's Saunders: In my view, tightening cycle may still have some way to go
|Bank of England (BOE) policymaker Michael Saunders said on Monday that he thinks that “the tightening cycle may still have some way to go.”
Additional quotes
Rather than focus on precise forecast for bank rate next year.
Doesn't regard bank rate of 2% or higher next year as being unlikely, implausible.
Cost of not tightening promptly enough is relatively high.
Market reaction
GBP/USD extends the rebound on the hawkish commentary from Saunders, now trading at 1.1958, up 0.92% on the day.
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.