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Weekend - BoE's Broadbent says interest rates may have to stay high 'for some time yet'

Bank of England Deputy Governor Ben Broadbent spoke on Saturday at the Fed's Jackson Hole symposium. Said that the added effects of the surge in prices, such as pressure to push up wages that has led to record growth in pay, were unlikely to fade away as rapidly as they emerged."As such, monetary policy may well have to remain in restrictive territory for some time yet"Added that while its reasonable to expect a decline in energy and core goods prices over next few months "one can only be cauti... Read More

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Posted: Aug 27 2023, 20:27

Author Name: forexlive

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