BOE’s Carney: Monetary policy is not principle instrument for financial stability
|It’s the BOE Governor Mark Carney’s turn now to testify before the Treasury Select Committee (TSC), in London.
Key Headlines via Reuters:
Monetary policy is not principle instrument for financial stability
Expect inflation to peak around 3% level about Oct/Nov time
More likely than not that I will need to write letter explaining inflation exceeding 3%
We still face a trade-off between inflation above target and supporting jobs and economic activity
Also read:
BOE’s Tenreyro: MPC far from the point at which we will unwind QE
BOE’s Ramsden: Loss of market confidence could lead to higher BOE rates, weaker GBP
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