U.K. Rate-Setter Chorus Pipes Up as China, Fed Muddy Outlook
By-
Deputy governor due to speak on the labor market on Wednesday
-
Week of commentary sheds light on prospect for tighter policy
Bank of England officials are out in force.
When Deputy Governor for Monetary Policy Ben Broadbent speaks at 5 p.m. London time on Wednesday, he’ll be the eighth of the central bank’s nine key officials to have made public comments in a week. Amid financial market volatility and a delayed Federal-Reserve interest-rate increase, his remarks will mean investors have almost a full suite of views to consider. Only newcomer Gertjan Vlieghe hasn’t spoken.
China’s slowdown and the ramifications for global growth have prompted investors and some economists to push back bets on when the BOE will lift its benchmark from a record low. So far, officials haven’t signaled a new approach is in store, with minutes of the most recent policy meeting playing down international risks and Governor Mark Carney telling lawmakers last week that rates may need to rise early next year…
U.K. Rate-Setter Chorus Pipes Up as China, Fed Muddy Outlook
