Bank of England (BoE) Deputy Governor appointee, Sarah Breeden, said on Tuesday, “I agree with the MPC that the risks to inflation around the August
I see balanced risks to growth and unemployment in both directions.When asked about interest rate hikes, given the shocks we have had, it is not a surprise we have been tested severely.
Had we not increased the interest rates the way we did, that would have increased the price of imports, leading then to a very serious increase in inflation.The above comments fail to move the needle around the Pound Sterling. GBP/USD is trading at 1.2470, down 0.30% on the day.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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