UPDATE 1-Bank of England's Forbes sees UK rate hike sooner rather than later

viernes 16 de octubre de 2015 08:05 GYT
 

* Forbes sees little risk to UK from emerging economies

* She repeats rate hike due sooner rather than later

* UK exporters a long way behind peers in emerging markets (Adds details from speech, background)

By William Schomberg

LONDON, Oct 16 (Reuters) - Bank of England policymaker Kristin Forbes said on Friday that a slowdown in China and other emerging markets should not block a long-awaited British interest rate hike which she said should come "sooner rather than later."

Forbes, who is seen as a likely early advocate for a BoE rate hike, said Britain had limited direct exposure to the problems seen so far in developing nations, even taking into account how they might hit key trading partners such as Germany.

Furthermore, Britain's domestically driven growth would continue, albeit more slowly.

"As a result, despite the 'doom and gloom' sentiment, the news on the international economy has not caused me to adjust my prior expectations that the next move in UK interest rates will be up and that it will occur sooner rather than later," she said in a speech to business leaders in the English city of Brighton.

Forbes said Britain would not be immune to a sharper-than-expected slowdown in emerging economies or a "financial crisis of some type", but the current wave of widespread pessimism about countries such as China was overstated.   Continuación...