Daily Management Review

Expecting ‘Couple More’ Rate Hikes Down The Line Is Reasonable, Says McCafferty of BoE


08/09/2018


Depending on the performance of the economy, BoE could raise rates in the coming two years.



Ian McCafferty is the one who sets the interest rates for the Bank of England, in short BoE, whereby on Tuesday, August 7, 2018, McCafferty informed that financial markets were reasonably thinking about the expectations on facing “a couple more small rate hikes” in the coming two years’ time.
 
During LBC radio show’s question and answer session, McCafferty said as quoted by Reuters:
“We’re only talking over the next couple of years of possibly a couple more small interest rate rises over that period. That’s what the markets are expecting and I think that’s a reasonable rule of thumb if the economy performs as we expect”.
 
Moreover, the comments of McCafferty sounded like an echo of what the Bank of England’s Governor, Mark Carney stated last week following the burrowing cost hike by the Bank of England, which marks its second time after the “financial crisis” took place almost ten years ago.
 
 
References:
reuters.com







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