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Conditions for a rate rise are not yet in place – BOE’s Carney

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Bank of England (BOE) Governor Mark Carney is crossing the wires now, testifying on the Financial Stability Report before the Treasury Select Committee, in London.

    Key Quotes on the Fed's monetary policy

    Our sense is that there is solid growth at the core of advanced economies

    Fed sets monetary policy in most closed major econ

    Emerging markets are seeing crystallisation of risks bank of england previously identified

    Domestic U.S. inflation pressures warranted change in fed policy

    Fed rate rise in December contributed to market turmoil but not its fundamental root

    US hike contributes to global monetary tightening

    Key Quotes on the UK economic & interest rates outlook

    In UK seeing shift to more normal risk environment

    UK credit growth positive; heightened global risk

    Need above trend growth; domestic cost growth for hike

    Conditions for a rate rise are not yet in place
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