BOE’s Broadbent dismissed rate hike of less than 25bps

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The Bank of England’s (BOE) deputy governor Broadbent, while addressing a question following his speech in London, said there is no virtue in a rate hike of less than 25 basis points (bps).

    Key Quotes

    MPC has not discussed interest rate hikes of less than 25bps

    There is a particular danger in looking at lift off date implied by market yield curves

    Productivity growth may have started to happen in the UK

    BOE didn't see an emerging market crisis, and sees solid recovery in domestic demand

    Fall in commodity prices has bought the BOE some time

    Last Fed comments were a slight corrective to Sep comments, the US recovery isn't that strong and underlying productivity growth is weak
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