Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
BOE Governor: Market Pricing of Rate Hike Expectations Somewhat Premature
Recommend 4 Positive 3 Negative 1 |
||||
|
||||
|
According to foreign media reports, Bank of England Governor Andrew Bailey said that markets have already factored in expectations of central bank rate hikes when pricing assets, which he considers somewhat ahead of time. He noted that monetary policymakers must clearly focus on risks to economic growth, employment and inflation when making the next interest rate decision. He said that while markets expect the central bank to raise rates and that this is a judgment the market has to make, he believes such expectations are somewhat premature. Bailey stated that monetary policy action must be taken if appropriate. However, the immediate priority remains addressing the root causes of the shocks. He added that the central bank must respond to successive shocks, but its mandate is very clear: measures should be handled in a way that causes the least possible damage to economic activity and employment. Bailey also highlighted the risks posed by the conflict involving Iran to highly leveraged financial markets. The central bank had earlier warned of vulnerabilities in private credit and bond markets. (fc/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
