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3 Mar 2020

BoE's Tenreyro: Important to highlight that we were not in a rush to raise interest rates

"We have a very tight labour market but this is not the only factor for inflation," Bank of England (BoE) policymaker Silvana Tenreyro explained on Tuesday. "There is strong competition in the retail sector and declining business markups are weighing on inflation."

Regarding the policy outlook, Tenreyro said that it's important to highlight that the BoE is not in a rush to raise interest rates, per Reuters.

GBP/USD reaction

The GBP/USD pair continues to pull away from the daily high that it set at 1.2815 earlier in the session. As of writing, the pair was up 0.25% on the day at 1.2782.

Mar 3, 2020

BoE's Tenreyro: Fiscal policy might become more of a tailwind for UK economy

Coronavirus response might provide extra countercyclical stimulus, the Bank of England (BoE) will need to take account of this, BoE Deputy Governor Da
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Mar 3, 2020

ECB's Holzmann: Would currently not support interest rate cut to help curb coronavirus effects

European Central Bank (ECB) Governing Council member and head of the Austrian Central Bank, Robert Holzmann, on Tuesday said that he would currently n
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