ICYMI - Bank of England Governor Bailey once again flagged rate hike prior to QE ending

Author: Eamonn Sheridan | Category: Central Banks

BoE Governor Andrew Bailey spoke on Monday UK time. 

Earlier post:
Bloomberg have a recap of his speech, where Bailey's words:
  • reinforce the option that interest rates could rise as early as this year.
  • The central bank's key rate would become the tool of tightening policy to tame inflation, even before the current bond-buying program expires if necessary, Bailey said

Bailey's hedge is:

  • Moving too soon, however, could disrupt the U.K.'s still nascent economic recovery, Bailey said.

Link to Bloomberg is here (may be gated)  

Market pricing is not for a 2021 rate hike from the Bank, February is closer to the mark. 

BoE Governor Andrew Bailey spoke on Monday UK time.  
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