BOE's Pill: My baseline is that the time for cutting rates is some ways off
I need to see more compelling evidence that the underlying persistent component of UK CPI inflation is being squeezed downMaintaining restrictiveness does not necessarily mean leaving bank rate unchangedReal interest rates will rise as inflation and short-term inflation expectations easeMonetary policy stance remains restrictive even after a cutI read these comments as slightly dovish. This article was written by Adam Button at www.forexlive.com.
- I need to see more compelling evidence that the underlying persistent component of UK CPI inflation is being squeezed down
- Maintaining restrictiveness does not necessarily mean leaving bank rate unchanged
- Real interest rates will rise as inflation and short-term inflation expectations ease
- Monetary policy stance remains restrictive even after a cut
I read these comments as slightly dovish.
This article was written by Adam Button at www.forexlive.com.
