BoE rate hike call further delayed to Q3 2017 - RBS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    After cutting its UK GDP growth forecast for 2016 to 1.9% from 2% and also 2017 to 1.8% from 2.1%, research Team at RBS, has now pushed back its BoE rate hike call to Q3 2017 from Q1 2017.

    Key Quotes

    "The risks are skewed towards an even later first hike as the resumption of fiscal policy tightening (averaging 1% of GDP a year for each of the next four years) means the UK's overall macroeconomic policy stance is far less accommodative than that implied by monetary policy alone."
    For more information, read our latest forex news.

Share This Page

free forex signals