BoE interest rate tightening possibility - ING

FXStreet (Guatemala) - James Knightley, analyst at ING Bank explained conditions for BoE and interest rate outlook.

Key Quotes:

"With the OBR predicting relatively modest GDP growth versus our own forecasts, we suspect that the government borrowing figures could look even better, offering greater scope for some fiscal loosening in coming years. This, in turn, could at the margin result in a more positive environment for growth, which could increase the prospect of monetary tightening. Nonetheless, the potential risks from Greece and China mean we remain some way off from that."