26 Jan 2016
UK: BoE MPC member Forbes’ speech in focus - RBS
FXStreet (Delhi) – Research Team at RBS, suggests that the BoE MPC member Forbes’ speech will be in focus today which will provide an analysis of US and UK labour markets, and how our differences may lead to divergent economic growth and interest rate policies going forwards.
Key Quotes
“The speech by Forbes on this specific topic may echo, or enhance, the arguments on this topic Governor Carney made last week. In his January 19th “Turn of the Year” speech, we found the Governor’s decision to outline the macroeconomic differences between the US and the UK as notable.
The direct scope of his commentary helped drive a wedge between US and UK monetary policy expectations and, while not necessarily new, was a dovish assertion from the Governor that contributed to our UK independent research economist’s bank rate forecast revision.”
Key Quotes
“The speech by Forbes on this specific topic may echo, or enhance, the arguments on this topic Governor Carney made last week. In his January 19th “Turn of the Year” speech, we found the Governor’s decision to outline the macroeconomic differences between the US and the UK as notable.
The direct scope of his commentary helped drive a wedge between US and UK monetary policy expectations and, while not necessarily new, was a dovish assertion from the Governor that contributed to our UK independent research economist’s bank rate forecast revision.”