Mar­kets push­ing back BoE rate hike bets not jus­ti­fied: Cun­liffe

The Pak Banker - - COMPANIES/BOSS -

BRUS­SELS: Bank of Eng­land Deputy Gov­er­nor Jon Cun­liffe said he had seen noth­ing to jus­tify mar­ket moves in the last month that have pushed back ex­pec­ta­tions for the BoE's first in­ter­est rate hike to­wards the end of the decade. Cun­liffe said mar­ket pric­ing of the BoE's first rate hike had been pushed out by two years com­pared with only a month ago, into the se­cond quar­ter of 2019 . "I can't see any­thing in the eco­nomic news that would lead to a shift like that," Cun­liffe said at an event in Brus­sels held by the Swiss Fi­nance Coun­cil.

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