Bank of England at forefront of global rates dilemma
Domestic uncertainties are outweighing inflationary pressure of global upswing
London
THE Bank of England will find itself facing a question next week that is set to trouble many other central banks this year: Does an unexpectedly strong global economy mean it should press ahead with raising interest rates?
For the BoE - and its Indian, Australian and New Zealand counterparts - the answer over the next few days is likely to be "no", as domestic uncertainties for now outweigh the inflationary pressure of a powerful global upswing.
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
International
IMF boosts Asia growth forecast this year on China, India
Australian retail sales unexpectedly decline, currency drops
South Korea’s March factory output falls most in 15 months
Deflation reaches UK stores as non-food prices fall 0.6%
Japan’s March factory output rises 3.8% vs month earlier
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival