• Bank of England (BOE) Governor Bailey: Vaccine news is broadly consistent with BOE forecast assumptions

Market news

12 November 2020

Bank of England (BOE) Governor Bailey: Vaccine news is broadly consistent with BOE forecast assumptions

  • Vaccine news starts to reduce the weight of uncertainty

  • Today's GDP data was in line with where we thought it would be

  • We've had a strong recovery, but there is still a huge gap

  • The recovery has been very uneven

  • Don't have a date in mind for negative rates review outcome

  • We have talked about yield curve control, but it's something I don't see a great need for at the moment

  • Great deal of work to be done with banks in deciding if negative rates are doable

  • We will have more information on Brexit in December meeting

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
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.