BoE’s McCafferty: Number of small rate hikes expected over next 2-years

Eren Sengezer FXStreet

BoE Policymaker Ian McCafferty continues to give his remarks, with the key quotes, via Reuters, found below:

We take into account movements in the foreign exchange market
Modest rate hikes seen if the UK economy matches BoE forecasts
Data over the next 3, 6 & 12 months will be critical to wow the MPC votes
Events overseas are biggest risks to UK economy, not consumer credit

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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