Currency Analyst since 2010

Comments from the Bank of England

Governor Carney:

-          The Bank of England should re-assess its monetary policy once the unemployment falls to 7%.

-          The end of recovery for economy is in prospect and expansion is due to start.

-          Sees some spare capacity at higher end of BOE range (the amount of excess capacity within an industry is a signal of both the health of that industry and the demand for the products it produces).

-          Interest rate rises will be gradual and limited.

-          Recent data suggests slowdown in unemployment drop.

-          The Bank of England won’t be influenced in monetary policy decisions by forthcoming UK elections next year.

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