FXStreet (Mumbai) – BOE’s Carney at Q&A session at his speech said the interest rates could rise before CPI hits 2% and said the next interest rate decision is likely to be about tightening.
Key Quotes
Fall in oil prices mostly supply rather than demand driven
FX levels have to be persistent to influence policy
BOE does not look to validate any forex level
BOE picking up on the uncertainty around political events but investment intentions remain quite robust
(Market News Provided by FXstreet)