- Important to not just look at the trade impact
- But important to also look at how financial markets have reacted to trade developments
- I feel more confident about the disinflation path than trade developments (when asked on voting intention)
- I was very undecided of where we would be going to be today back in the last meeting
- I was in the fairly undecided camp but a bit more confident now
If anything, you have to admire his candidness in the Q&A here. He admits to being rather undecided and unsure on where rates might be headed, given the uncertainty from US tariffs and global trade developments. And this considering that the UK is fairly insulated from any major fallout from a US-China decoupling. So, you have to wonder how difficult is must be for other central banks to navigate through this period.
This article was written by Justin Low at www.forexlive.com.