BoE Tenreyro expects rate to be steady at 3% over 2023

[PocketOption]

BoE Tenreyro expects rate to be steady at 3% over 2023

BoE MPC member Silvana Tenreyro said, “I would expect that Bank Rate held at 3% over 2023 would reduce output further below potential, given the effects of lower real incomes and the lagged impact of the tightening to date.” “Policy would then have to loosen, perhaps in 2024, to try to prevent inflation falling below […]

The post BoE Tenreyro expects rate to be steady at 3% over 2023 appeared first on Action Forex.

Source: BoE Tenreyro expects rate to be steady at 3% over 2023