Bank of England deputy governor: support for rate cuts, but it's hard to know how fast they will happen
Bank of England Deputy Governor John Britton said on Thursday that recent evidence supports a gradual rate cut, but gauging the right pace of easing is tricky. In a speech at the University of Edinburgh, Briden said, “Recent evidence further supports the removal of policy constraints, and I expect the gradual removal of constraints to continue over time.” Briden is deputy governor for financial stability and is seen as a centrist on the MPC. She said it was “difficult to know” at this stage how fast interest rates should fall. Said Britten: “To be clear, I expect bank rates to fall over time as the effects of the huge shocks of the past continue to wane.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
RootData: BIO will unlock tokens worth about $1 million in one week
Crypto prices
More
