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BoE's Broadbent silent on rates, sends pound sliding

Reuters  |  LONDON 

By Andy BruceLONDON (Reuters) - Bank of England Deputy Governor Ben Broadbent kept mum on his views about interest rates on Tuesday, prompting financial markets to assume he sees no pressing need to change.Sterling hit an 8-month low against the euro as a result. Broadbent's speech in Aberdeen to the Scottish Council for Development and Industry had been keenly watched as a chance to hear the views of a rate-setter who has not commented publicly since the Monetary Policy Committee came unexpectedly close to raising interest rates for the first time in a decade last month.But Tuesday's ...

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First Published: Tue, July 11 2017. 21:25 IST
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