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BoE: better ‘lower for longer’ – IMF

FXStreet (Edinburgh) - Paris-based think tank has suggested the BoE should keep its current monetary stance for a longer period, or at least until inflation trends gather further traction.

The IMF noted the already hot housing market in the UK economy, adding that a rate hike could affect home buyers.

In addition, the upcoming referendum on the EU membership and the uncertainty on its results could cast further doubts on the UK outlook.

GBP paid no attention to the comments, navigating the mid-1.5100s vs. the US dollar at the time of writing.

CHF: SNB on hold, observing further ECB actions – Goldman Sachs

Research Team at Goldman Sachs, notes that the SNB kept policy rates unchanged at its December monetary policy assessment and expressed its readiness to thwart appreciation pressures on the CHF as necessary.
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India Industrial Output rose from previous 3.6% to 9.8% in October

India Industrial Output rose from previous 3.6% to 9.8% in October
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