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Not clear that interest rates have peaked -BoE’s Broadbent

Not clear that interest rates have peaked -BoE’s Broadbent By Reuters

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Economy 18 minutes ago (Feb 02, 2023 13:05)

© Reuters. FILE PHOTO: Bank of England’s Deputy Governor for Monetary Policy Ben Broadbent attends the Monetary Policy Report News Conference at The Bank of England, in London, Britain November 3, 2022. REUTERS/Toby Melville/Pool

LONDON (Reuters) – The Bank of England’s interest rate-setters remain “watchful” as it is not clear if interest rates in Britain have reached a peak, deputy governor Ben Broadbent said on Thursday.

“The risks are still to the upside so I don’t think it’s clear that…somehow we know we’ve got to a point where there’s a peak,” he told reporters. “I think the committee is still very watchful.”

Not clear that interest rates have peaked -BoE’s Broadbent

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