UK Better Placed For a Rate Hike

August 4, 2017 Share Print 0

Britain is “a little bit” better placed to cope with possible interest rate increases, Bank of England Deputy Governor Ben Broadbent said on Friday, a day after the central bank said borrowing costs may have to rise more than markets expect.

“I think there may be some possibility for interest rates to go up a little bit,” Broadbent told BBC radio.

“One shouldn’t overdo this. If and when it happens there will be a lot of talk about the first rate rise since ‘x’. But it’s just a rate rise and we got perfectly used to rate rises of this size in the past.”

Reuters

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Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.