Home Carney speech: Brexit talks now entering a critical period
FXStreet News

Carney speech: Brexit talks now entering a critical period

Bank of England Governor Mark Carney is now delivering his remarks on the monetary policy outlook in a press conference.

Key quotes (via Reuters)

  • Pay settlements will rise further this year, agents’ reports suggest.
  • Limited and gradual tightening of monetary policy likely to be needed.
  • If bank rate stays at 0.75 pct, inflation will be above 2 pct for next 3 years.
  • MPC forecast continues to be based on relatively smooth Brexit transition.
  • Brexit talks now entering a critical period.
  • So far British households have been resilient to Brexit news.

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.