BoE: better ‘lower for longer’ – IMF

FXStreet (Edinburgh) - Paris-based think tank has suggested the BoE should keep its current monetary stance for a longer period, or at least until inflation trends gather further traction.

The IMF noted the already hot housing market in the UK economy, adding that a rate hike could affect home buyers.

In addition, the upcoming referendum on the EU membership and the uncertainty on its results could cast further doubts on the UK outlook.

GBP paid no attention to the comments, navigating the mid-1.5100s vs. the US dollar at the time of writing.