Originally Posted by
Al R
If Hammond wants any chance of replacing May, I imagine the screws will be turning on Carney to do very little, if anything, this side of Xmas. Aside from that, sluggish growth means that May won't want much of a change, either.
Agree, but the main Western treasuries are competing in the QEasing stakes, UK is losing productivity by a wide margin so, unless T. May is happy with £ parity with the Euro, rates will have to rise.
I suspect we will see 0.5% before Christmas, 3% Base rate by 2020.
OAP