BoE's Weale expects rates to rise quicker than market expects

FXStreet (Bali) - Bank of England Monetary Policy Committee member Martin Weale crossed the wires over the weekend, noting that he still expects interest rates in the UK to go up quicker than current market pricing.

BOE deputy governor Ben Broadbent also spoke to Sky News this weekend, noting that they would be prepared to cut rates or add QE if necessary.

Broadbent said: "The MPC still believes that the next move in interest rates is likely to be up. But we took the opportunity to say (in the last BoE inflation report) the effective lower bound (for rates) is somewhat lower than we thought it was 3-4 years ago."