UK does not require more stimulus at the moment – BOE’s Shafik

FXStreet (Mumbai) - The Bank of England (BOE) Deputy Governor Shafik, in a radio interview, said the UK economy does not require stimulus at the moment, but the bank is ready to lower rates, do QE if needed.

Similar comments were echoed by the BOE governor Carney at the press conference yesterday. The bank revised its growth and inflation forecasts lower and said the rate hike, whenever they happen, will be more gradual and limited.