BOE’s Broadbent: Message is that rate hikes will be gradual

Bank of England (BOE) Deputy Governor Ben Broadbent is on the wires now, justifying his decision to keep the interest rates on hold yesterday, in an interview with BBC Radio 4.

 Key Headlines:

Weak economic data could be temporary, influenced by the weather.      

The message is that rate hikes will be gradual.

His decision to keep rates on hold was a ‘straight forward decision.

‘Waiting to assess the economy is ‘right’.