Bank of England Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below.
“Companies in aggregate have opted for hiring rather than investment.”
“The housing market is the only area where UK consumer demand has been subdued.”
“Current margin of slack is expected to widen a little in coming quarters.”
“The fall in the UK BoE rate expectations driven by global factors. New market interest rate curve introduces additional tension to the one already existing between the level of the sterlnig and appropriate post-Brexit level.”
Related articles
GBP/USD volatile around 1.3050 following the BoE event.
The Sterling struggles for direction following the BoE steady stance at today’s meeting, motivating GBP/USD to gyrate around the 1.3050 area for the time being.
Bank of England forecast sees GDP in 2019 +1.5% vs +1.2% in February.
According to the updated economic projections in the Quarterly Inflation Report, the Bank of England forecasts the economy to expand by 1.5% in 2019, higher from the 1.2% reported in February’s publication.
Share
