BoE's Tenreyro: Would not want to say either December or February for a rate increase
|Bank of England Monetary Policy Committee (MPC) member Silvana Tenreyro said on Wednesday that she would not want to say specifically if the BoE would make its first rate hike in either December or February. Directionally, she continued, I would expect a modest tightening of policy, the exact timing of which will depend on the data, and we will be learning more as the data comes in.
Market Reaction
Tenreyro's comments did not give sterling any notable lift across any major GBP pairs.
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