Bean Says BOE Jobless Threshold Should Temper Yield Tightening

Bank of England Deputy Governor Charlie Bean said a tightening in U.K. gilt yields should be restrained by its pledge not to consider raising interest rates before unemployment falls to 7 percent. “Short-term yields have moved up since our announcement on a string of good news about the economy,…

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Bean Says BOE Jobless Threshold Should Temper Yield Tightening

Bean Says BOE Jobless Threshold Should Temper Yield Tightening

Bank of England Deputy Governor Charlie Bean said a tightening in U.K. gilt yields should be restrained by its pledge not to consider raising interest rates before unemployment falls to 7 percent. “Short-term yields have moved up since our announcement on a string of good news about the economy,…

More here:
Bean Says BOE Jobless Threshold Should Temper Yield Tightening