BoE's Forbes: Cost of reversing a rate hike is concern for some MPC members

Eren Sengezer FXStreet

Bank of England policymaker Kristin Forbes is crossing the wires, via Reuters, saying that the cost of reversing a rate hike is a concern for some MPC members.

Key quotes (via Reuters):

MPC spends a lot of time debating how changes in interest rates would affect Sterling
Political developments currently dwarfing monetary policy's effect on Sterling
Consumer spending will be key for some members of MPC
U.S. experience shows household savings rates can fall significantly to support consumer spending
Media discussion of Brexit uncertainty not affecting businesses or consumers
Brexit uncertainty might affect consumers or businesses more in future

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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