He added the bank and its Governor Mark Carney had put themselves under undue pressure with their own recent guidance on rates. Lomax, an MPC member for five years until 2008, recalled debates about the merits of forward guidance. "I think there's a high likelihood that they're going to trip over their own forward guidance," he said. Because even if they (hike rates), people will judge it unnecessary. Or if they don't do it, people will say 'what on earth was that forward guidance about?'"

Source: Bangkok Post November 01, 2017 18:45 UTC