ICYMI – Bank of England Governor Bailey once again flagged rate hike prior to QE ending

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BoE Governor Andrew Bailey spoke on Monday UK time. Earlier post:Bloomberg have a recap of his speech, where Bailey's words:reinforce the option that interest rates could rise as early as this year.The central bank's key rate would become the tool of tightening policy to tame inflation, even before the current bond-buying program expires if necessary, Bailey saidBailey's hedge is:Moving too soon, however, could disrupt the U.K.'s still nascent economic recovery, Bailey said.Link to Bloomberg is here (may be gated)  Market pricing is not for a 2021 rate hike from the Bank, February is closer to the mark.   Invest in yourself. See our forex education hub. Source link
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