Carney's speech: Inflation could increase above 3% in short term

Haresh Menghani FXStreet

The BOE Governor Mark Carney now holds a press conference to discuss the Quarterly Inflation Report's (QIR) content and the key headlines could be found below:

• Investment restrained by Brexit uncertainty
• Demand growth to exceed supply growth
• Inflation could increase above 3% in short term mainly due to energy prices
• Wage growth to increase due to labour market tightening
• UK economy broadly in line with forecasts

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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