BOE's Carney: Don't overreact to one month's data - RTRS

Eren Sengezer FXStreet

Governor of the Bank of England and Chairman of the G20's Financial Stability Board, MarkCarney, responded to questions on the inflation figures at a panel discussion in London on banking conduct standards.

Key quotes

It's important not to overreact to economic data for a single month
Look, (it's) a single data point. You never overreact to a single data point

Earlier today, consumer price inflation hit 2.3% in February, overshooting above the BoE's 2% target and its strongest in nearly three-and-a-half years.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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