• Bank of England Martin Weale: the demand is likely to decline more than the offer

Noticias del mercado

18 julio 2016

Bank of England Martin Weale: the demand is likely to decline more than the offer

- The interest rate in August depends on production cuts

- After the exit from the EU revenue likely will decline

- not sure if he will back rate cuts in Aug

- no sense that businesses/households are panic stricken

- avoiding market disappointment is not a reason to cut rates

- to ease policy output weakness would need to be big enough to "more than compensate" for likely inflation overshoot

- wage growth outstripping productivity weighs against fine-tuning rate cut

Enfoque del mercado
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