FOREX TradingCharts.com

Financial News: BoE's Saunders Says Current Policy Stance Clearly Accommod

BoE's Saunders Says Current Policy Stance Clearly Accommodative

04/21/2017 - 08:02:00 (RTTNews)

(RTTNews) - The current monetary policy stance is clearly accommodative and if interest rates would be raised in future, the tightening path may be limited and gradual, Bank of England policymaker Michael Saunders said Friday.

"A modest rise in rates would still imply that considerable stimulus remains in place, helping to support output and jobs," Saunders said in a speech in London.

Defending his vote for unchanged policy in March, the rate-setter said that there was plenty of data still to be received and insights to be gained.

He also stressed on the importance of clearly explaining any monetary policy decision.

Saunders also said that the Monetary Policy Committee is not necessarily obliged to delay any policy moves until there is certainty over the exact shape of Brexit and its long-run effects on the economy.

"We make our decisions from meeting to meeting, and will fulfill our remit during the Brexit process and after it," Saunders said.

"Any policy decision carries risks that subsequent events make the decision controversial, but that is always the case."

Saunders, an external member on the MPC, also noted that perceptions of the economic outlook have already changed markedly in recent months and may well continue to do so.

And hence, it was natural for policy to respond to the changing outlook if needed, consistent with the bank's low inflation remit, he added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Nearly Unchanged In April (09 hr(s), 02 min(s), 04 sec(s) ago)
(RTTNews) - After initially reporting an improvement in U.S. consumer sentiment in the month of Ap ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April (09 hr(s), 22 min(s), 04 sec(s) ago)
(RTTNews) - A report released by MNI Indicators on Friday showed an unexpected acceleration in the ...Full Story»

Eurozone Inflation Climbs To ECB Target (09 hr(s), 47 min(s), 04 sec(s) ago)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story»

U.S. Economic Growth Slows More Than Expected In Q1 (10 hr(s), 27 min(s), 04 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

ECB Forecasters Revise Up Growth & Inflation Expectations (10 hr(s), 43 min(s), 04 sec(s) ago)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story»

UK Growth At 1-Year Low As 'Brexit' Weighs On Spending (10 hr(s), 53 min(s), 04 sec(s) ago)
(RTTNews) - The U.K. economy expanded the least in a year at the start of 2017, reflecting a notab ...Full Story»

U.S. GDP Increases Less Than Expected In Q1 (11 hr(s), 0 min(s),04 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

Sweden Retail Sales Growth Eases Unexpectedly (11 hr(s), 20 min(s), 04 sec(s) ago)
(RTTNews) - Sweden's retail sales growth eased unexpectedly in March, after accelerating in th ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Nearly Unchanged In April

04/28/2017 - 10:35 AM (RTTNews)
(RTTNews) - After initially reporting an improvement in U.S. consumer sentiment in the month of Ap ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April

04/28/2017 - 10:15 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Friday showed an unexpected acceleration in the ...Full Story>>

Eurozone Inflation Climbs To ECB Target

04/28/2017 - 09:50 AM (RTTNews)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story>>

U.S. Economic Growth Slows More Than Expected In Q1

04/28/2017 - 09:10 AM (RTTNews)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story>>

ECB Forecasters Revise Up Growth & Inflation Expectations

04/28/2017 - 08:54 AM (RTTNews)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.