FXStreet (Córdoba) – BoE Governor Mark Carney said that the BoE is committed to the current inflation target and will not follow through on increasing rates if it is the wrong thing to do.
In an interview with FT he added that with little signs of inflation (+0.1% in November, way below the bank’s 2% target), the BoE priorities were to increase the resilience of the banking system in the event of a downturn and reassess the safety of the buy-to-let lending market. that
Meanwhile, BoE Deputy Governor Cunliffe said disinflationary pressure has lasted longer than was expected. He added that Movement in rates will be gradual and limited and wages are immensely important, according to the Yorkshire Post.
(Market News Provided by FXstreet)