A Bank of England policymaker has said the interest rate could reach 2% or higher in the next year in order to tackle inflation.
Michael Saunders, a member of the Bank's Monetary Policy Committee, said he did not think that such forecasts from financial markets were"implausible or unlikely".
"Rather than focus on a precise forecast for Bank Rate over the next year, the key point is that the tightening cycle may, in my view, still have some way to go," he said in a speech at the Resolution Foundation think tank on Monday.Mr Saunders has previously supported a bigger rate rise than most of his colleagues.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank of England battle looms over deregulation plans to prime City for ‘Big Bang 2.0’\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Weiterlesen »
Nvidia RTX 4090 graphics card could arrive in October (but don’t bank on it)Selling off excess RTX 3000 stock might still interfere with launch timing
Weiterlesen »
BBC Radio 4 - Woman's Hour, Weekend Woman's Hour: Recognition for first England women's football team, Harriet Harman MP & the poet Lady UnchainedComing up on Weekend Woman’s Hour: MP Harriet Harman on forced adoption, recognition for the first England women’s football 1972 team, Tova Leigh on the dangers of TikTok, the first female leader of Jersey, the poet Lady Unchained. Join us at 4pm:
Weiterlesen »
FIRST ALERT: Monday Brings Possibility of Heavy Rain, Damaging WindsWe’re up to quite some changes across New England in the next few days, we’ll see showers and downpours tomorrow, embedded storms and scorching heat right after. Aside from a passing shower or two this afternoon, we see mostly dry conditions, a mix of sun & clouds and a rise in humidity. Our dew points have reached the upper 60s…
Weiterlesen »