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BOE governor Bailey: We do not have a specific equilibrium level of interest rate in mind

  • Don’t expect interest rates to go back to very low levels unless there is some completely unknown shock
  • We will see where market interest rates are at the December meeting and judge policy accordingly
  • We do have to watch very carefully the fragmentation of the world economy
  • There are a lot of risks related to that but we will have to wait and see what happens, it is too early to judge

This article was written by Justin Low at www.forexlive.com.

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