fxs_header_sponsor_anchor

News

BOE’s Vlieghe: BOE may need to raise rates if inflation expectations are deanchored by a no-deal Brexit

More comments are crossing the wires from the Bank of England (BOE) external MPC member Gertjan Vlieghe, as he continues to speak at Thomson Reuters in London this Friday.

Policy outlook could easily go in either direction with a cliff-edge Brexit.

Public uncertainty about BOE policy reflects general political and economic uncertainty.

Don't have to see much of a hit to demand to justify cutting rates to near zero

More likely than not rates would reach lower bound after a no-deal Brexit.

Says that 0.25% is not the lower bound for UK rates, it is lower.

But says it is possible BOE may need to raise rates if inflation expectations are deanchored by a no-deal Brexit outcome.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.