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Lower oil price net good for UK economy – BOE’s Broadbent

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Bank of England (BOE) policymaker Ben Broadbent crossed the wires via BBC Radio last hours, noting the effects of lower oil prices on the British economy.

    Key Quotes:

    Core inflation in UK edging higher

    Core inflation underlines oil behind inflation fall

    Lower oil price net good for UK economy

    Lower oil has boosted consumption, UK growth
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