Financial professionals are optimistic about the global economy, just not as fervent about it as they were at the start of the year. That’s the message from the latest Bloomberg Markets Global Investor Poll, which shows concern about risks ranging from the turmoil in Ukraine to the threat of deflation in Europe.
Bank of England policy maker Andrew Sentance said a slowdown in inflation may prove short-lived as the pound’s weakness threatens to push it above 5 percent, bolstering the need for higher interest rates.
Bank of England policy maker Andrew Sentance signalled he voted for a half-point U.K. interest-rate increase again last week and said that financial markets suggest benchmark borrowing costs could reach 2 percent next year.
Bank of England policy maker Andrew Sentance reiterated that the central bank should raise its benchmark interest rate “slowly” to combat inflation as the British and world economies avoid a double-dip recession.