Bank of England Governor Mark Carney is now delivering his remarks on the monetary policy outlook in a press conference.
Key quotes (via Reuters)
- Real wages are picking up.
- Modest tightening of the monetary policy is appropriate to bring the inflation down to 2% and keep it there.
- Retail sales grew at the fastest pace in three years.
- UK demand is expected to grow at its current rate.
- Brexit related uncertainties weigh on business investment.
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.
Share
