Inflation will be low in next 6 months – BOE’s Broadbent

FXStreet (Mumbai) - The Bank of England deputy governor Broadbent was on the BBC radio on Friday stating that inflation will remain low in next 6 months.

Broadbent’s comments come a day after the Bank of England slashed its 2015 forecast from 0.6% to 0.3%. He further added that the rise in bank rate will be lower than previous historic average. The recovery in the private sector demand looks more sustainable, Broadbent said. Similar comments came through BOE events on Super Thursday.

Aug 7, 2015

BOJ’s Kuroda does not see big impact from US rate hike

Bank of Japan governor Kuroda, during the Q&A session at the press conference, said the bank does not see a big impact from the US interest rate hike.

GBP/USD flirts with 1.5500

The British pound extends its downslide versus the American dollar in the European session, now pushing GBP/USD near session lows on the 1.54 handle, as the recent BOE minutes and the inflation report released on Thursday pushed back rate-hike bets this year which continues to dampen the sentiment around the GBP.