Asked about the removal of the world ‘careful’ from the BOE’s language saying ‘careful and gradual’, he says it shouldn’t be overinterpreted.
The market is still off-balance on what’s coming next fro the Bank of England with pricing at 58% for a cut (though rising to 100% for February).
More comments:
- I would emphasize continuity of BOE policy, not modest changes in language
This article was written by Adam Button at investinglive.com.