CC
- 15 Sep 2017 11:47
- 14 of 17
The Bank of England policy maker seen as least likely to back a rise in interest rates has changed his view and now thinks a hike may be needed soon.
In a speech to economists, Gertjan Vlieghe said the U.K. economy was running through its spare capacity quicker than he had expected, while household spending was stronger.
"If these data trends of reducing slack, rising pay pressure, strengthening household spending and robust global growth continue, the appropriate time for a rise in [the] bank rate might be as early as in the coming months," he said Friday.
Mr. Vlieghe's comments followed a Bank of England statement Thursday with the same message.
Based on his previous comments, Mr. Vlieghe had been regarded as the member of the nine-strong Monetary Policy Committee most inclined to oppose a rise in the key rate from a record low of 0.25%.
skinny
- 15 Sep 2017 12:04
- 15 of 17
So it was his comments - swine!
skinny
- 15 Sep 2017 13:47
- 16 of 17
USD Empire State Manufacturing Index 24.4 18.2 25.2
CC
- 15 Sep 2017 16:46
- 17 of 17
Somehow I managed to turn a profit today day-trading. Greatly relieved.
Long term portfolio looks somewhat different. NMD jerking me around although everything else going fine