Time to start talking about cutting interest rates

Pryce, Vicky (2023) Time to start talking about cutting interest rates. Birmingham City University, Centre for Brexit Studies Blog.

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We have just had two central banks, the Federal Reserve in the US and the Bank of England in the UK, keeping interest rates unchanged for the second time within a day of each other. And that comes a week after the ECB in the Eurozone did the same. That is good news as far as it goes. But in all three press conferences afterwards, the words remained relatively hawkish- inflation still too high in relation to the almost universal 2% target- and that the vigilance needed to be kept up. All suggested this was a pause, not necessarily the end of the upward hike. Certainly ‘too soon to talk about rates starting to come down’. And even though they must be aware that the markets do not believe them, they all, having more or less indicated that the peak was near, talked of rates staying high, for longer than may have been expected earlier.

Item Type: Other
3 November 2023Published Online
Uncontrolled Keywords: Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects: CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions: Research, Innovation, Enterprise > Centre for Brexit Studies
Depositing User: Gemma Tonks
Date Deposited: 11 Jan 2024 14:46
Last Modified: 11 Jan 2024 14:46
URI: https://www.open-access.bcu.ac.uk/id/eprint/15102

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