- will remain vigilant to emerging vulnerabilities in UK housing market
- will take proportionate, graduated action if warranted
That doesn’t necessarily mean raising interest rates so not immediately bullish news if you’re a yield buyer
- FPC members concerned that risk appettite in markets might not fully reflect transition to more normal monetary policy
- investors may be too relaxed about rate increases
Further warning against any sharp rises in interest rates from the BOE FPC Minutes of March 19 meeting.
This committee is being given a wider range of powers/influence so worth noting
GBPUSD still 1.6656 after the post-PMI dip to 1.6642
Full minutes here
