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BoE Members Squabble As Disagreement Over Rates Deepens

|About: iShares MSCI United Kingdom ETF (EWU)
Summary

BoE conflicting data puts Mark Carney in an awkward position.

The market should expect only one hike over the next three years, Carney says.

EU and US central banks look to hold monetary policy steady over the next year in regards to rates.

The Bank of England’s Ben Broadbent wants to go ahead and raise rates, but his colleague Gertjan Vlieghe disagrees and highlights some weaker than expected economic data.

During a press conference last month, the BoE Governor, Mark Carney, told investors that they would be “wrong to price in just one rise in rates over the next three years.Read more... 

Via LL Rothman