• Bank of England, Broadbent: We did not spend a lot of time considering whether our actions could hurt confidence in the economy

Market news

5 August 2016

Bank of England, Broadbent: We did not spend a lot of time considering whether our actions could hurt confidence in the economy

  • Surveys are not just about confidence but actual activity and jobs

  • We did not spend a lot of time considering whether our actions could hurt confidence in the economy

  • Sterling only saw a relatively small move after the announcement

  • BOE action do not send out a message of panic

  • The flexibility in the UK economy is not enough on its own to stop a slowdown

  • Is pretty confident BOE action will have some effect

  • Quite a number of indicators dropped markedly before our decision

*via forexlive
UK house price index fell more than expected in July
United Kingdom: Halifax house price index 3m Y/Y, July 8.4% (forecast 8.5%)
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