| 15 April 2024, Monday |

Bank of England to respond to new UK fiscal plan

The Bank of England will react to changes in Britain’s tax and spending plans under Prime Minister Liz Truss, but it remains to be seen if interest rates will rise as much as investors predict, according to Deputy Governor Ben Broadbent.

“The MPC is likely to respond relatively promptly to news about fiscal policy,” Broadbent said in a speech at Imperial College on Thursday.

“Whether official interest rates have to rise by quite as much as currently priced in financial markets remains to be seen,” he said.

  • Reuters