Back
22 May 2015
BoE member Weale reaffirms hawkish stance on UK interest rates – Investec
FXStreet (Barcelona) - The Team at Investec mentions that BoE member Weale’s comments on inflation and price risks supports his hawkish stance on UK interest rates.
Key Quotes
“Bank of England policy maker Martin Weale said officials should look through any downside risks to U.K. inflation in 2016 posed by falling energy costs and focus on price risks in the longer term when setting interest rates. Weale went on to say it’s possible the drop late last year may push down on consumer prices by more than the Bank Of England anticipates. Nevertheless, this shouldn’t sway the central bank’s Monetary Policy Committee from its longer-term focus to get inflation back to its 2 percent target.”
Key Quotes
“Bank of England policy maker Martin Weale said officials should look through any downside risks to U.K. inflation in 2016 posed by falling energy costs and focus on price risks in the longer term when setting interest rates. Weale went on to say it’s possible the drop late last year may push down on consumer prices by more than the Bank Of England anticipates. Nevertheless, this shouldn’t sway the central bank’s Monetary Policy Committee from its longer-term focus to get inflation back to its 2 percent target.”