Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Bank of England unlikely to hike rates in 2018 – Danske Bank

The Bank of England had hiked Bank Rate to 0.5 percent from 0.25 percent in November, despite subdued growth, as it has become more worried about the combination of high inflation and low unemployment.

In all, the central bank kept its flexibility on additional rate hikes in 2018 and said it would ‘monitor closely’ incoming data.

“We still believe the rate hike was about taking back the emergency cut from August 2016 just after the Brexit referendum and not necessarily the beginning of a new hiking cycle”, said Danske Bank..

The Bank of England is very positive on wage growth and that it does not want to tighten monetary policy too much relative to the ECB. Therefore, the base case right now is no additional rate hikes in 2018, added Danske Bank.

At 20:00 GMT the FxWirePro's Hourly Strength Index of British Pound was bearish at -87.9069, while the FxWirePro's Hourly Strength Index of US Dollar was bullish at 83.0999. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-07-18 00:47:26
0m

July 17 20:00 UTC Released

UST Flows,Incl.Swaps

Actual

31.2 Bln USD

Forecast

Previous

July 17 20:00 UTC Released

USOverall Net Capital Flows

Actual

69.9 Bln USD

Forecast

Previous

January 31 00:00 UTC 242097242097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242097242097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 253917253917m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 242097242097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 253917253917m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 242097242097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242097242097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 242097242097m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.