Brexit journey is just the beginning – BoE’s Carney
|Continuing with his comments in the post Quarterly Inflation Report presser, BoE Governor Mark Carney said:
• BOE stimulus after Brexit vote is working
• there will be twists and turns ahead
• under-estimated strength of consumer spending
• consumer dynamic will be tested this year
• UK demand helped by available cheap credit
• can see scenarios for rate cut or rate hike
• not giving a signal on future direction of rates, just laying out scenarios
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