UK rate hike will dependent on labor costs and inflation pick up – BOE’s Carney

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Bank of England governor Mark Carney, while speaking to Wall Street Journal (WSJ), said the rate hike will depend on labour costs and inflation picking up and whether growth stays on track.

    Key Quotes

    Underlying fundamentals in the UK economy are solid

    Sees downside risks in EM economies

    Confidence from the UK consumer and investment are still high

    BOE sees no signs that UK/EU vote is unsettling businesses or consumers
    For more information, read our latest forex news.

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