BoE's Carney: UK economy stronger but future headwinds could limit rate increases

FXStreet (Łódź) - Carney points out that the BoE is currently balancing inflation implications from sustained economic momentum vs conflicting signals of labour market slack.

• Wage data suggests that there is more labor supply than initially thought, he says.

• Saving imbalances, regulation may limit rate increases.

• Carney adds that the strength of the pound over the past year is one of the headwinds facing the economy.

• Globalization is under threat by the "spector of protectionism" in international trade talks.

BoE's Carney: Rates to rise in a gradual and limited manner

Governor Mark Carney, who is speaking at an investment conference in Glasgow, said that the timing of the first rate hike is dependent on economic data.
আরও পড়ুন Previous

EUR/USD flat near 1.3470

The single currency remains almost unchanged vs. the greenback on Wednesday, with the EUR/USD hovering over 1.3465/70 so far...
আরও পড়ুন Next