Carney: All MPC believe next likely move in rates is up

Author: Ryan Littlestone | Category: Central Banks

Likely, not definite ;-)

  • There's not enough tightening in the markets view of path to meet CPI target
  • Market rate path implies that BOE will overshoot target
  • BOE wants to make sure we get to target and sustain it
  • BOE is trying to balance domestic cost pressures vs external factors
  • Was happy to see market expectations pushed back out late in 2015

As I said in the prior post there's not much dovishness coming out and the pound has run back to 1.4630 from 1.4535

He's still banging the drum that the market has it wrong on its rate expectations        

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose