Speaking on Bloomers tv he says that the market may be over-reacting to by calling earlier rate hikes based on Carney’s comments last week. He says that while they should be taken seriously, there macroprudential tools to be used first.
He makes the good point that Carney may have been prepping us that there’s been a possible change in the voting within the MPC.
We’ll find out soon enough on Wednesday when we get the minutes.
If we do see some of the hawkes showing their hand in the minutes then we’re likely to see a pop in cable.
