Jul
23

Bank of England to Estimate Interest Rate That’s Just Right

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  • First BOE view on rate that doesn’t fan or limit growth due
  •  Measure should indicate how much tightening lies ahead

The Bank of England is about to try to put a number on normality.

After months of research, the central bank will provide an estimate of the Goldilocks interest rate for the first time when it announces its policy decision on Aug. 2. Known as r* (r-star), it’s the rate that keeps the economy neither too hot nor too cool over the long term…

Bank of England to Estimate Interest Rate That’s Just Right

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Categories : Finance

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