Wednesday, July 17th 2019 11PM °C nicosia
08-05-2019 09:43 | Read 362 times

BoE: İnvestors too relaxed on retes

BANK of England Governor Mark Carney said on Thursday investors were underestimating how much interest rates could rise, even as the British central bank kept borrowing costs on hold due to Brexit uncertainty.

BoE: İnvestors too relaxed on retes

Sounding more hawkish than the US Federal Reserve and the

European Central Bank, Mr Carney warned investors they were being

too relaxed about BoE plans to carry on easing Britain off its financial-crisis levels of near-zero borrowing costs.

"There are insufficient hikes in the current market curve to be consistent with our remit," he told reporters, referring to interest rate expectations embedded in financial market prices.

But for now, the BoE said, there was little risk from waiting to see if Britain can leave the European Union later this year without a big shock to the economy.

Its nine rate-setters all voted to keep its benchmark rate at 0.75 per cent on Thursday.

Read the full article in Cyprus Today...In shops or on PressReader.

No News Comments....
CAPTCHA security code

Attention! Any person who sends any financial, legal, criminal, administrative liability content resulting from criminal, illegal, threatening, offensive, insulting, profane, humiliating, degrading, vulgar, pornographic, anti-moral, Member / Member's.