Economics
Broadbent Says Traders Should Rely on Data Over BOE Comments
- Comments follow series of clashes between BOE and markets
- Says over-dependence on guidance could complicate policy
The Bank of England in the City of London, U.K.
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Financial markets have become over reliant on central bank guidance and should be more tuned in to short-term data when assessing the future path for interest rates, according to Bank of England Deputy Governor Ben Broadbent.