LONDON (Reuters) – Three Bank of England policymakers set out reasons to favour raising interest rates sooner rather than later on Wednesday, more evidence that opinion at the central bank may be shifting towards a rate rise before the year is out.
New BoE chief economist Andy Haldane and Monetary Policy Committee members Kristin Forbes and Martin Weale all highlighted the costs of keeping rates on hold for too long, though none said rates should increase straight away.
LONDON (Reuters) – Bank of England policymakers were surprised earlier this month that markets had not priced in a higher chance of an interest rate rise this year, minutes of their June meeting showed on Wednesday.
BoE Governor Mark Carney shocked markets last week when he said a rise in interest rates could come sooner than markets had been expecting, in comments that pushed sterling up toward a five-year high against the dollar.
U.S. Q1 current account deficit widens sharply to $111.2b, largest shortfall since Q3-12 and outside all forecasts in Reuters poll
U.S. May inflation rises to 2.1% on annual basis, a touch above the Reuters poll median of 2.0%
LONDON, June 17 (Reuters) – British inflation slumped to a 4
1/2-year low last month but house prices surged in April,
according to data that clouded the view for Bank of England
policymakers gauging Britain’s economic recovery.
Consumer price inflation dropped to 1.5 percent in May from
1.8 percent in April, its lowest since October 2009, after the
first year-on-year fall in food prices since 2006, the Office
for National Statistics said on Tuesday.