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Alex Brazier, who took a seat on the BoE's
Financial Policy Committee on Monday, cited the normalization of
U.S. borrowing costs as one of the main global risks for
markets.
He said rate hikes by the U.S. Federal Reserve or a change in
perceptions of their timing and scale would reflect good news
about the U.S. economic recovery.
"However, it would probably reduce the extent of the search for
yield and prompt a reduction in global risk appetite," Brazier
said in a series of answers to questions from members of
Britain's parliament who are reviewing his appointment.
(Writing by William Schomberg, editing by David Milliken)
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