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#BoE 's #Mann : Better to Be Slightly #Hawkish Than Under-React...........
Bank of England policymaker Catherine Mann made her hawkish stance clear today, saying it's better for interest rates to run a little too high than too low โ with room to correct later if needed. She noted this reasoning was behind her vote for the 25 basis-point rate hike at the last meeting.
This comes as markets currently price in a full BoE rate hike by year-end, though only around a 15% chance of a hike at this month's meeting.
What this means for risk assets: a more hawkish BoE tone adds to the broader theme we've seen today โ rate hike expectations weighing on both equities and crypto. Higher rates typically reduce appetite for non-yielding assets like Bitcoin and Ethereum, so this kind of commentary is worth watching alongside the Fed's own signals this month.
#BankOfEngland #InterestRates
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Bank of England policymaker Catherine Mann made her hawkish stance clear today, saying it's better for interest rates to run a little too high than too low โ with room to correct later if needed. She noted this reasoning was behind her vote for the 25 basis-point rate hike at the last meeting.
This comes as markets currently price in a full BoE rate hike by year-end, though only around a 15% chance of a hike at this month's meeting.
What this means for risk assets: a more hawkish BoE tone adds to the broader theme we've seen today โ rate hike expectations weighing on both equities and crypto. Higher rates typically reduce appetite for non-yielding assets like Bitcoin and Ethereum, so this kind of commentary is worth watching alongside the Fed's own signals this month.
#BankOfEngland #InterestRates
๐ Follow for daily market insights! ๐
$UNITREE
$BTC
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