BoE's Tenreyro: Would not want to say either December or February for a rate increase

Joel Frank Independent Analyst

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.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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