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BoE Governor: Mkt Pricing Expectations for Central Bank Rate Hikes Seems Little Hasty
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Andrew Bailey, Governor of the Bank of England (BoE), said that the market has already factored in expectations of a central bank rate hike in its pricing, which is overly forward-looking, and that monetary policymakers must pay close attention to risks related to economic growth, employment and inflation when making their next interest rate decision, according to foreign media. The market expects the BoE to raise interest rates, Bailey noted. Personally, he believed that this is a judgment the market must make, but felt that the market is being a bit hasty. Auto-translated by AI AASTOCKS Financial News |
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