Ben Broadbent says ‘imponderables’ in UK economy include being a year or more away from knowing what Brexit meansThe Bank of England should resist increasing interest rates while the direction of the economy remains unclear,according to one of the central bank’s senior policymakers, an announcement that reduces the chances of a rate hike this year.
Ben Broadbent, and a close ally of BoE governor Mark Carney,said he was not alert to raise interest rates while the the bank’s monetary policy committee (MPC) found it “very difficult” to judge whether there had been a significant improvement. In my opinion, it is a bit tricky at the moment to earn a decision [to raise rates]. I am not alert to enact it yet, and ” the deputy governor said.
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Source: theguardian.com