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Would back rate cuts, QE if negative shock - BOE’s Forbes

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Following BOE Governor Carney’s testimony, BOE official Kristin Forbes is now crossing the wires, noting that UK economy is on a solid recovery path and reiterates that the next policy move will be a rate hike.

    Key Quotes:

    UK is seeing a solid recovery, next move in rates will be up

    Evidence that quantitative easing has become less effective is very weak and mixed

    Would back rate cuts, QE if negative shock

    We do not fully understand where the neutral interest rate is today

    Should start to see neutral interest rate start to tick up very gradually
    For more information, read our latest forex news.

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