Plenty of comments out of Jackson Hole this weekend:
- Bank of England Deputy Governor Charlie Bean said a tightening in U.K. gilt yields should be restrained by its pledge not to consider raising interest rates before unemployment falls to 7 percent.
Also:
- The knowledge that monetary policy will not be tightened until the U.K.’s fledgling recovery is secured should boost confidence
The Bank of England gave forward guidance by projecting it will keep its benchmark rate at 0.5 percent until late 2016 as it waits for the jobless rate to fall from 7.8 percent.
