Bank of England's Deputy Governor Minouche Shafik: the next monetary policy action is likely to be an interest rate hike than an interest rate cut

Market news

23 February 2016

Bank of England's Deputy Governor Minouche Shafik: the next monetary policy action is likely to be an interest rate hike than an interest rate cut

The Bank of England's (BoE) Deputy Governor Minouche Shafik said on Tuesday that the next monetary policy action was likely to be an interest rate hike than an interest rate cut.

She also said that she expected wages to rise if the U.K. labour market continues to improve. But she could not say when wages would start to pick up.

Bank of England's Monetary Policy Committee member Gertjan Vlieghe: the recent decline in the pound was caused by the uncertainty around the upcoming referendum

Richmond Fed Manufacturing Index falls to -4 in February

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.