67299
BOE Split on Rate Issue
BOE Split on Rate Issue

BOE Split on Rate Issue

BOE Split on Rate Issue

There is a growing divide within the Bank of England about if and when the central bank should raise interest rates back to the level they stood for seven years before last summer’s emergency post-Brexit rate cut, Business Insider reported. Several members of the bank’s rate-setting Monetary Policy Committee have spoken publicly in recent days, and it is very clear there is a big split in the thinking of the committee’s members. That became even more clear on Wednesday when Jon Cunliffe, who sits on the MPC as deputy governor for financial stability, made clear that he does not support a rate hike anytime soon, citing concerns about slowing consumer spending, which he believes currently trumps the surging inflation caused by the pound’s slump since the referendum — which has itself been a driver of slowing spending.

 

Short URL : https://goo.gl/qsszMD
  1. https://goo.gl/N9Hrhg
  • https://goo.gl/gveW58
  • https://goo.gl/5ZNWQA
  • https://goo.gl/5Y6Xmc
  • https://goo.gl/KvNsXa

You can also read ...

Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
Georgia Economy Recovering
Christine Lagarde, the managing director of the International...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus