Home Carney speech: Domestic inflationary pressures are forecast to build steadily
FXStreet News

Carney speech: Domestic inflationary pressures are forecast to build steadily

Bank of England  Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below.

“Question of whether the next governor of the BoE should be a woman is for the government to answer.”

“Domestic inflationary pressures are forecast to build steadily. The BoE’s inflation forecasts are not consistent with our inflation remit.”

“We are in a different world to when we previously thought it appropriate to stretch timescale for getting inflation back to target.”

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.

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.