Carney speech: Interest rate increases will be required after smooth Brexit
|Bank of England Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below.
"Interest rate increases will be required after smooth Brexit. Yield curve may reflect risk premia on Brexit as well as global developments."
"We are talking about more withdrawal of monetary stimulus, but limited relative to history."
"There are insufficient hikes in the current market curve. More withdrawal of monetary stimulus needed, just not at this meeting."
Related articles
GBP/USD volatile around 1.3050 following the BoE event.
The Sterling struggles for direction following the BoE steady stance at today’s meeting, motivating GBP/USD to gyrate around the 1.3050 area for the time being.
Bank of England forecast sees GDP in 2019 +1.5% vs +1.2% in February.
According to the updated economic projections in the Quarterly Inflation Report, the Bank of England forecasts the economy to expand by 1.5% in 2019, higher from the 1.2% reported in February's publication.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.