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







Science & Technology

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

China Lifts Approval Freeze On New Video Games Launch

Concentrated Solar Plant System To Dispatch Electricity To The Grid On Demand

World Politics

World & Politics

AirHelp expects up to 33 th of cancellations and flight delays per day all over the world in 2019

Far-right and Catalonia: New elections in Spain

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece