BoE's guidance often interpreted too much as a promise: Broadbent
[LONDON] Bank of England Deputy Governor Ben Broadbent said on Wednesday that some media and analyst coverage of the bank's latest quarterly economic outlook was misplaced due to excessive focus on a particular lift-off dates for interest rates.
"I have long felt that coverage, not just of the last inflation report but of lots of things we communicate, can tend to slip sometimes into interpreting what we say as unconditional promises," Mr Broadbent said, answering questions from the audience at a Reuters newsmaker event.
Earlier, Mr Broadbent said in a speech that pricing in financial markets for when Britain's record-low interest rates were likely to rise could be misleading and risked changing quickly.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Five new charges for money laundering accused Zhang Ruijin before his plead guilty mention
Bank of Japan keeps rates steady, projects inflation staying near 2% in coming years
Weak yen pressures Bank of Japan’s interest rate decision
Basel Committee adds climate risks to banking supervision standards
Crypto firm sues SEC to fend off oversight of Ethereum