Speaking at a European Central Bank (ECB) conference on Tuesday, the Bank of England (BOE) policymaker Silvana Tenreyro said that the UK’s inflation target reflected a pre-crisis world of much higher average interest rates. Additional Quotes: Conventional monetary policy is more likely to run up against the (zero lower bound) constraint. If we were starting over, a lower equilibrium rate of interest might suggest that a slightly higher inflation target could have been helpful to avoid running against the effective lower bound so often. But there are obviously costs to changing the framework now. Stressed the importance of BOE’s flexible approach to inflation targeting. GBP/USD tests daily lows near 1.2210, as the pound remains battered across the board amid intensifying Brexit tensions. Â FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD technical analysis: Cable tumbles towards 1.2200 handle on Brexit uncertainties FX Street 3 years Speaking at a European Central Bank (ECB) conference on Tuesday, the Bank of England (BOE) policymaker Silvana Tenreyro said that the UK's inflation target reflected a pre-crisis world of much higher average interest rates. Additional Quotes: Conventional monetary policy is more likely to run up against the (zero lower bound) constraint. If we were starting over, a lower equilibrium rate of interest might suggest that a slightly higher inflation target could have been helpful to avoid running against the effective lower bound so often. But there are obviously costs to changing the framework now. Stressed the importance of BOE's flexible… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
