Cable touches 1.3400
Here is exactly what Carney said:
"What you heard today is that the majority of members of the committee, myself included, see that that balancing act is beginning to shift, and that in order to return inflation to that 2% target in a sustainable manner there may need to some adjustment of interest rates in coming months. We'll take that decision based on the data, but yes that possibility is definitely increased."
In a separate comment, he said that hikes now need to come sooner than in prior history because of the financial crisis and Brexit. He said the new "speed limit" was lower. The first hike will come while the economy is "not growing quite as fast as it would have done in the past," Carney said.
