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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