BOE Pushes Rate Rise View

Bank of England policy makers Ben Broadbent and Martin Weale said weak U.K. inflation will be temporary and indicated that the chance of more stimulus remains low.

While the bank said last week it could respond to weak price pressures with an interest-rate reduction or more bond purchases, policy makers are pushing the message that such an outcome isn’t the most likely scenario.

Negative interest rates are possible “but we don’t think they are likely at the moment,” Broadbent, deputy governor for monetary policy at the bank, said in a Sky News interview broadcast Sunday.

Bloomberg

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.