BoE Deputy Governor: UK economy clearly slowed - UOB

Ross J Burland FXStreet

Analysts at UOB explained that the Bank of England Deputy Governor Jon Cunliffe again raised doubts whether he will support a BOE rate hike next week.

Key Quotes:

"He described the exact timing of BOE rate rise “is a more open question” in an interview published by a Welsh newspaper on Monday (23 Oct). He said that he does not want to anticipate Nov rate decision, but “for me the economy has clearly slowed this year”. He also noted that if the BOE forecast of higher domestic inflation comes to pass, then rates will need to go up and that rates will need to rise over next three years."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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