Ben Broadbent - Bank of England


Last quote by Ben Broadbent

The result is something of a sweet spot for exporters. Sterling fell sharply after the referendum and, despite the strength of consumption since then, has remained close to record lows. But the UK's trading rules are for the time being unchanged. The result is that the costs and ease of exporting are unchanged but the returns to it significantly higher. With the world economy looking better than for some time the circumstances for the tradable sector could hardly be more
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Mar 23 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Ben Broadbent is associated, including August and November. Most recently, Ben Broadbent has been quoted saying: “Either the currency market is too pessimistic, in which case sterling's depreciation is likely to be reversed over time. Or it's not, in which case the costs of exporting will eventually go up. Barring some other source of exchange rate weakness, such as a sharp rise in the household saving rate (which would have its own implications for the economy), the sweet spot is unlikely to last indefinitely.” in the article Exporters enjoying Brexit ‘sweet spot’ from weak pound, says Bank of England deputy Governor.
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Quotes by Ben Broadbent

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