At the moment, there is no reason to raise interest rates of the Bank of England
Today, the Bank of England’s Governor Mark Carney made a statement in which he noted that inflation in the United States justifies the tightening of monetary policy in the country. In addition, he noted that the situation with the risk in the UK is normalized and credit growth has a positive effect on the economy. In order to increase the interest rate in the UK according to Mark Carney is needed an economic growth above trend and an increase in salaries in the country. As a result, at the moment the Bank of England does not see the prerequisites for raising interest rates, which is negatively displayed on the price of the British pound, which according to our forecast will reach 1.4000 in the near future.
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