BoE's Carney: Possibility of a rate hike has definitely increased

Bank of England (BOE) Governor Mark Carney is crossing the wires, saying that the possibility of a rate hike had definitely increased.

Key quotes (via Reuters):

  • Price rises have been entirely result of falling sterling due to Brexit
  • I see shift in balancing act for BoE
  • We will take decision on rates based on data
  • Possibility of a rate hike has definitely increased
  • Talking about a modest adjustment in interest rates

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