OctaFX | OctaFX Forex Broker
Open trading account

BoE's Broadbent: Time not ripe for a rate hike yet

FXStreet (Łódź) - BoE deputy governor Ben Broadbent said in an interview for ITV that the UK economy, although already quite strong and on the path to normalization, still wasn't ready for a rate increase.

"There is still no evidence that low rates are breeding higher risk," Broadbent remarked.

He nevertheless advised businesses and households should to brace themselves for the tightening and "think prudently about how much debt to take on".

EUR/CHF traped in a range; ECB on radar

EUR/CHF is oscillating within a narrow 10-pips range ahead of European opening as traders are waiting for ECB’s monetary policy decision
Read more Previous

ECB meeting takes centre stage today – Danske Bank

Flemming Nielsen, Senior Analyst at Danske Bank, underlines today’s risk event for the single currency...
Read more Next
Start livechat