Forex
globalreutersOctober 4, 20241 Mins read
BoE’s Pill: Need for caution points to a gradual withdrawal of policy restriction
globalreutersOctober 4, 20241 Mins read Bank of England (BoE) Chief Economist Huw Pill said in a scheduled appearance on Friday that there is an “ample reason for caution in assessing the dissipation of inflation persistence.” Pill added that the “need for such caution points to a gradual withdrawal of monetary policy restriction.” Additional comments Further cuts in bank rate remain in prospect but it will be important to guard against the risk of cutting rates either too far or too fast.
Recent Posts
Categories
Related Articles
What technical levels are in play for some of the major currencies vs the USD for Nov 22
The European data was yucky (if I can use a favorite word...
Why You Should Constantly Question the Market
While having discipline is a very important trait for a trader, we...
Gold rallies to above $2,700 on Russia-Ukraine tensions
Gold (XAU/USD) rallies for the fifth day in a row, making it...
GBP/USD: GBP has stabilized just above 1.25 – Scotiabank
UK data reports today were roundly disappointing, weighing on the Pound Sterling...
Leave a comment