Bank of England (BoE) Chief Economist Huw Pill signaled to markets that the UK's central bank will be considering rate cuts over the next few meetings, provided there are no "big disturbances" in the economy. BoE's Pill spoke during a virtual question and answer period regarding the BoE's Monetary Policy Report.
Key highlights
In the absence of big disturbances to the economy, we will be thinking about cutting rates over the next few meetings.
Global rate moves may be less synchronized.
We are confident we can start to reduce policy restriction, but we're not there yet.
There are some signs UK economic activity is recovering.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.