Carney's Speech: no bias on Brexit

Ross J Burland FXStreet

BOE governor Carney is speaking the upper House of Lords Economic Affairs Committee, with key headlines, via Reuters, found below. The market is expecting plenty of questions about Brexit and will be tuned in to hear of any insights into the path of interest rate hikes.

Key notes:

BoE's Carney: Important thing with monetary policy is that as slack in economy is removed, focus is increasingly on returning inflation to target.
BoE's Carney: Sees pickup in UK investment in 2019.
BoE's Carney: BOE didn't have a bias on Brexit.

What is the market looking for from this event?

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013. The market is expecting plenty of questions about Brexit and will be tuned in into hearing of any insights to the path of interest rate hikes.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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