BOE's Broadbent Says Rate Path Slightly Higher Than in November
Nomura Says BOE Set to Hike in May Amid 3% Inflation
This article is for subscribers only.
Improvements in the economy mean the path for U.K. interest rates is slightly higher than the Bank of England saw in November, according to Deputy Governor Ben Broadbent.
While he reiterated than any moves would be “limited and gradual,” he echoed BOE Governor Mark Carney’s comments on Thursday that rate increases may come slightly sooner than anticipated.