The Bank of England would never give “time-specific” guidance on the U.K’s first interest rate hike, Ben Broadbent, Bank of England monetary policy committee member — and rumored leading contender for the deputy governorship — told CNBC.
Broadbent told CNBC that there is “too much focus” on the interest rate hike amid speculation that the central bank could raise rates in the first half of 2015.
“We have never given, would not want to give, and are not giving time-specific guidance about when this happens. I might also say that I think there’s too much focus on this particular date,” Broadbent told CNBC.
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