BoE's Cun­liffe pushes back against ‘gloomy’ mar­ket rate bets

The Pak Banker - - COMPANIES/BOSS -

Bank of Eng­land Deputy Gov­er­nor for Fi­nan­cial Sta­bil­ity Jon Cun­liffe pushed back against mar­ket pric­ing for no U.K. in­ter­est-rate in­crease un­til 2019, say­ing that isn't his cen­tral view.

In­vestors fo­cused on in­ter­na­tional tur­moil have all but ruled out an in­crease in bor­row­ing costs for the next three years and are ze­ro­ing in on the case for a cut. BOE of­fi­cials look­ing at do­mes­tic in­di­ca­tors have sig­naled a hike will prob­a­bly come ear­lier and most econ­o­mists pre­dict a move later this year.

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