Bank of England Governor Mark Carney is now responding to questions from the press. Key quotes (via Reuters) Policy needs to walk, not run, to stand still as equilibrium interest rate rises gradually. UK Households have paid down a lot of debt. Best thing BoE can do for poorest households is to keep inflation on target. Higher global interest rates should increase pass-through of BoE rate rise to UK savings account rates. Everyone, whether borrower or saver, should remember BoE’s limited and gradual message on the pace of rate increases. Related articles BoE MPC votes 9-0 to raise interest rates by 25bps. In its latest monetary policy meeting, held this Thursday, the BoE MPC voted 9-0 in favour of raising its key lending rate by 25 basis points to 0.75%. EUR/GBP falls to over 2-week lows post-BoE announcement. The EUR/GBP cross extended its retracement slide from the 0.8900 neighborhood and dropped to over two-week low after the latest BoE monetary policy update. About Mark Carney Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Tron Foundation reveals secret project, Atlas in the wake of TVM launch: TRX/USD testing July lows FX Street 5 years Bank of England Governor Mark Carney is now responding to questions from the press. Key quotes (via Reuters) Policy needs to walk, not run, to stand still as equilibrium interest rate rises gradually. UK Households have paid down a lot of debt. Best thing BoE can do for poorest households is to keep inflation on target. Higher global interest rates should increase pass-through of BoE rate rise to UK savings account rates. Everyone, whether borrower or saver, should remember BoE's limited and gradual message on the pace of rate increases. Related articles BoE MPC votes 9-0 to raise interest rates… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
