BoE's Carney: tighter monetary policy will be needed
|Adding to his earlier comments, during a scheduled speech in Newcastle, the BoE Governor Mark Carney said that household interest rate expectations of a rate rise this year feel about right and there would be some increase in interest rates at a limited and gradual pace over next few years.
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• There is always uncertainty when it comes to Brexit.
• It will be "pretty obvious" if the UK is no longer on this Brexit path.
• BoE's expectation is for a relatively smooth transition to reduced openness with Europe in this environment.
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