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26 Jan 2015
BoE's Forbes: Rate hikes may be needed earlier-than-expected
FXStreet (Bali) - Bank of England's member Kristen Forbes, in a Wall Street Journal interview, said the UK may be in need of rate hikes earlier-than-anticipated by the market
Main headlines - via Bloomberg
"Forbes is optimistic about the global economy’s prospects given robust growth in the U.S. and the potential for cheap oil to boost consumption and investment in the U.K. and elsewhere."
"That could trigger the need for interest-rate increases in the U.K. from their current historic lows of 0.5% sooner than market expectations of the middle of next year."
“I wouldn’t be surprised if inflation falls more sharply in the short term, but then as growth picks up, the growth effects boost inflation more in the medium term.”
Main headlines - via Bloomberg
"Forbes is optimistic about the global economy’s prospects given robust growth in the U.S. and the potential for cheap oil to boost consumption and investment in the U.K. and elsewhere."
"That could trigger the need for interest-rate increases in the U.K. from their current historic lows of 0.5% sooner than market expectations of the middle of next year."
“I wouldn’t be surprised if inflation falls more sharply in the short term, but then as growth picks up, the growth effects boost inflation more in the medium term.”