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6 Aug 2015
Rate hike will be data dependent – BOE’s Carney
FXStreet (Mumbai) - The Bank of England governor Mark Carney, in his press conference speech on Thursday, said the timing of the rate hike is appearing closer, but the decision to raise rates is data dependent.
Key Quotes
“Likely timing of the first rate rise is drawing closer, but will be data dependent.”
“UK exports to be held back by strength of Sterling, risk to activity from the Eurozone and China.”
“No evidence of a deflationary mindset. Private domestic demand robust and expected to remain so on account of boost in income due to lower energy prices and job gains.”
“The most striking development in the UK over the past year is fall in CPI - due to food and energy.”
Key Quotes
“Likely timing of the first rate rise is drawing closer, but will be data dependent.”
“UK exports to be held back by strength of Sterling, risk to activity from the Eurozone and China.”
“No evidence of a deflationary mindset. Private domestic demand robust and expected to remain so on account of boost in income due to lower energy prices and job gains.”
“The most striking development in the UK over the past year is fall in CPI - due to food and energy.”