BOE Won't Raise Rates in 2019 or 2020, HSBC's Russell Says

The video discusses the UK's economic data surprises, highlighting the hawkish nature of some data and the potential for rate hikes by the Bank of England. It examines the impact of Brexit on monetary policy, noting the uncertainty and its effects on the economy. The discussion also covers market expectations for rate hikes, with a focus on the challenges faced by the Bank of England in balancing economic indicators and political factors.

What is one reason the Bank of England might consider raising interest rates?

• Weakness in the housing market

• Strength in the labor market

• Uncertainty in Brexit negotiations

• Low consumer confidence

How does Brexit influence the UK's economic data?

• It has no impact on the data

• It creates uncertainty affecting the data

• It ensures a stable political outlook

• It strengthens the global tailwinds

What is a major concern for the Bank of England regarding interest rate hikes?

• Mixed demand-side economic indicators

• High consumer confidence

• Rapid housing market expansion

• Strong service sector growth

What is the market's expectation for interest rate hikes in the next three years?

• No hikes at all

• Just one hike

• Two hikes per year

• Multiple hikes each year

What factor is contributing to the mixed demand-side picture in the UK?

• High consumer confidence

• Robust service sector growth

• Weakness in the housing market

• Strong global tailwinds