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BOE’s Shafik says 0.5% is not the new normal

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The Bank of England (BOE) Minouche Shafik backtracked a little from her slightly dovish comments earlier by stating that 0.5% interest rate is not the new normal and the firms should not plan for rates to stay at 0.5%.

    She expects to see wage growth 2-3 percentage points above productivity growth and said the credit conditions have improved significantly.

    Shafik sees rates settling around half of the 5% historical average.
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