7 Feb 2014
Flash: BoE remains in no rush to raise rates - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec believes that the BoE are in no rush to raise rates.
Key Quotes
"Much of the talk yesterday was on what new developments could come about from the UK and Eurozone central bank meetings. Beginning on this side of the channel, the BoE announcement at noon passed without incident as the committee kept policy steady once again."
"However, what came as a slight surprise to some was that there was no mention of a change to forward guidance, in light of the improving growth outlook and falls in unemployment, which would ordinarily be matched by a rise in interest rates expectations.”
“Mark Carney and the other MPC members are in no rush to raise interest rates, with the market expectantly waiting for them to announce a plan as to how they will navigate policy in light of the fall in unemployment. It now seems any new guidance will be previewed with next Wednesday’s Quarterly Inflation Report."
Key Quotes
"Much of the talk yesterday was on what new developments could come about from the UK and Eurozone central bank meetings. Beginning on this side of the channel, the BoE announcement at noon passed without incident as the committee kept policy steady once again."
"However, what came as a slight surprise to some was that there was no mention of a change to forward guidance, in light of the improving growth outlook and falls in unemployment, which would ordinarily be matched by a rise in interest rates expectations.”
“Mark Carney and the other MPC members are in no rush to raise interest rates, with the market expectantly waiting for them to announce a plan as to how they will navigate policy in light of the fall in unemployment. It now seems any new guidance will be previewed with next Wednesday’s Quarterly Inflation Report."