Kristin Forbes signals she may vote for an interest rate hike by downplaying potential fallout for UK from emerging markets slowdownAn interest rate hike in the UK will come “sooner rather than later” and pessimism approximately the state of the global economy is overdone,according to a Bank of England policymaker.
Kristin Forbes, a member of the bank’s rate-setting monetary policy committee (MPC), or was also upbeat approximately the domestic economy. She argued that the country had only limited exposure to emerging markets such as Russia and Brazil and that,despite signs of a slowdown in those markets, British businesses should not be deterred from building stronger links with them. Related: World stock markets hit two-month highs as stimulus hopes build - commerce live Kristin Forbes says despite increased risks the current “gloom and doom” on emerging markets is “overblown” http://t.co/SnyNwS3fZj Related: China should avoid financial meltdown Continue reading...
Source: theguardian.com