BoE Chief Economist Huw Pill said on Friday that he genuinely does not yet know how he is going to vote at the December monetary policy meeting. For reference, markets are fully priced for the BoE to implement a 15bps rate hike to 0.25%. Pill added that the direction of travel for interest rates over the medium-term is pretty clear (i.e. hinting strongly that the BoE will be hiking over the next 12 months), but that the long-term outlook for rates is too uncertain to give a specific forecast three of five years ahead.
“It does matter if markets misunderstand BoE, but maybe less than markets think.”
“The BoE should not get caught up in minute-by-minute market and media-driven dynamics, should instead focus on the medium-term”.
“The BoE wants to train people to think the right way about monetary policy.”
“The past few weeks have not been a good example of a common understanding of monetary policy between the BoE and markets.”
“No policymaker wants to create unnecessary volatility.”
“The BoE should not artificially suppress volatility caused by genuine uncertainty.”
“Two-sided risks make communication more complex than in the past.”
“Fed-style dot plots would probably add to confusion in BoE communications.”
“The direction of travel for interest rates over the medium-term is pretty clear”.
“The long-term outlook for rates is too uncertain to give a specific forecast 3 or 5 years ahead.”
GBP did not react to these latest remarks from BoE's Pill.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.