Economics
BOE May Have a Silent Dissenter to Interest-Rate Increases
- Deputy Governor Cunliffe hasn’t made policy comments recently
- Economy’s performance could limit potential for more hikes
CIBC's Jeremy Stretch on What Could Derail a BOE Rate Hike
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The Bank of England may have a quiet dissenter among its ranks when it comes to the need for higher interest rates this year.
In speeches, interviews and Parliament testimony, eight of the nine Monetary Policy Committee members, including Governor Mark Carney, have backed the view that tightening is warranted -- and at a faster pace than previously thought. But Deputy Governor Jon Cunliffe has been noticeably quiet, raising questions about the views of one the MPC’s most dovish members.