Bank of England’s Mark Carney up before the Treasury Select committee

3% inflation in October?? How astute 😉

• More likely than not, will have to write a letter to the Chancellor explaining inflation exceeeding 3% (one of those ye olde rules)
• We will face a trade-off between inflation above target and supporting jobs and the economy (I call that between a rock and hard place, not trade-off

The pound doesn’t like that last comment as it potentially signals caution over rate hikes. GBPUSD trades down to 1.3237.

• Building a warchest in interest rate terms for future shocks would not be in line with inflation target
• Rate hike in coming months may be appropriate (His party line)

• About
• Latest Posts

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

Latest posts by Ryan Littlestone (see all)

• The last NFP competition of 2022 - December 1, 2022
• Will this month’s US NFP be a horror show? - October 4, 2022
• US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022