Ex-BOE’s Blanchflower: "Absolutely no basis" for a rate hike as early as November”

Dhwani Mehta FXStreet

David Blanchflower, a former member of the Bank of England's (BOE) rate-setting Monetary Policy Committee, wrote the following in the UK press overnight:

"Absolutely no basis" for an increase in rates as early as November”

Cites weak data on the economy

"The enhanced uncertainty over the form Brexit will take will constrain growth even further. Cut the stupid stuff. Britain is the sick man of Europe"

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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