Friday , 22 November 2024
Home Forex BOE governor Bailey: We do not have a specific equilibrium level of interest rate in mind
Forex

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.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

NZD/USD extends downside to near 0.5850 on stronger US Dollar, dovish RBNZ expectations

The NZD/USD pair trades in negative territory for the third consecutive day...

Japan Jibun Bank Services PMI: 50.2 (November) vs 49.7

Japan Jibun Bank Services PMI: 50.2 (November) vs 49.7

Japan Jibun Bank Manufacturing PMI below forecasts (49.5) in November: Actual (49)

Japan Jibun Bank Manufacturing PMI below forecasts (49.5) in November: Actual (49)

Singapore Q3 GDP +5.4% y/y (expected +4.6%, preliminary 4.1%)

Singapore Q3 GDP 3.2% q/qexpected 2.5%, preliminary was 2.1% +5.4% y/y expected...