BOE’s Mark Carney on the wireles 29 September 2017

  • BOE sees some issues in household debt and have taken actions on those
  • See some potential issues surrounding Brexit
  • BOE cannot solve some issues surrounding Brexit
  • We cannot do much about risks to derivatives from Brexit
  • Issues will need to be solved between EU and UK (he’s talking around contractual issues with derivatives and who will govern certain derivatives. Basically things like clearing)
  • Majority of MPC member say it may be appropriate to raise interest rates if economy stays on this track
  • Indication the MPC has given is about as clear as it can be (being pushed for a date of the increase, was asked if they’re going in Nov, and he’s swerving)

He’s getting a grilling on BBC radio 4.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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