Share:
In an interview with The Overshoot, Bank of England (BoE) policymaker Jonathan Haskel said on Monday, “I would prefer to make policy with much more attention on the data flow over the next few months.”
“What we’ve seen in the UK. is a very US-style labor market in the last 40-odd years.”
“We have downgraded our forecast of structural output growth. Around 2015-2018 we just decided that we had had ~2% productivity growth, pre-GFC and ~1% productivity growth post-GFC. Then there’s the vexed question of Brexit. More recently, the decline has been an hours effect, because of the rise in inactivity.”
“It is true that when we raise rates that is not good for investment. I absolutely accept that, and therefore we are potentially contributing to that very poor capital investment.”
“You want to be really, really careful about worst outcomes, like a very embedded inflationary momentum.”
At the time of writing, GBP/USD is losing 0.10% on the day, trading at 1.0245. The pair is unperturbed by the above comments.
Share:
Feed news
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
