No sense beating around the bush, the Bank of England, apparently, does not represent what happens in the next year or two. Chairman describes the variation in attitudes Monetary Policy Committee as "a much wider than usual, and that are vigorous debate about the risks. Given that the committee has one member who wants to further purchases of assets, and the other wants to increase interest rates to some extent we already knew that. What's more important is the way to present these risks. The forecast is based on market interest rates and the current level of purchases of assets is still happening when expectations of inflation over the next two years below the target. Nevertheless, the chairman said the chances of 1:4, that inflation will be within 0.5% of target levels for two years. All it says about the lack of "clues". Volatility is likely to become a winner in the coming months.
Translate this page
