Another exercise in kicking the can completed
I expected Carney to get more of a grilling about inflation but the UK press decided otherwise. This wasn’t a dovish conference but it was one that lacked anything remotely hawkish. Perhaps the most dovish thing he said was about loosening policy if spending growth slows more abruptly than expected but even that was followed swiftly by him saying rates could also rise faster if wage growth picks up sharply.