- BoE's MPC member Tenreyro: BoE is not in rush to raise interest rates
Market news
3 March 2020
BoE's MPC member Tenreyro: BoE is not in rush to raise interest rates
- I will not make a decision before seeing the data
- Incoming data will influence my decision
- Global growth had appeared to be stabilising in January
- But situation is changing now, we will be reassessing our position
- We have a very tight labour market but this is not the only factor for inflation
- There is strong competition in the retail sector and declining business markups are weighing on inflation
- It's important to highlight that BoE is not in rush to raise interest rates
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