BoE's Forbes: If economy stays solid and inflation pick-up continues, this could soon suggest a rate hike

Felipe Erazo FXStreet

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

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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