Carney carnages the Proud Pound in a BBC interview on 19.04.2018

  • Should prepare for a few interest rate hikes over next few years
  • Uncertainty could delay interest rate hikes
  • Does not want to get overly focused on exact timing, more about the general path
  • Conscious there are other meetings throughout remainder of year
  • Uncertainty surrounding Brexit has prevented what would have otherwise been as surge in investment in the UK economy
  • Productivity is not increasing, therefore limiting rate at which wages can rise
  • Interest rate rise is likely this year

He seems to be giving a hint here he won’t be the one voting for a rate hike next month. Cable tumbling to 1.4125 from 1.4190 when his speech was released

Here’s the link

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