BoE's MPC member Michael Saunders: It is unlikely that data until June meeting would negate case for further stimulus
Notícias do Mercado
28 maio 2020
BoE's MPC member Michael Saunders: It is unlikely that data until June meeting would negate case for further stimulus
It is safer to err on the side of easing too much
And then tightening later if needed
Risks to economy are to the downside
But with limited policy space, there is less scope to get the economy back on track
Some recovery in economic activity is likely as lockdown eases
A relatively slow recovery would be costly
Sees risks of UK falling into slip into lowflation trap that is much harder to escape
The risks of a pickup in inflation are pretty negligible
Picture of a dramatic fall in output is clear-cut
USD/CNH now looks to 7.2000 - UOB
EUR/USD: A close above 1.1019 would confirm a base with resistance then at 1.1145/66 – Credit Suisse
O foco de mercado
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