Carney: Any BOE monetary policy action will need to be well aimed

Briefly putting on his MPC hat

  • Monetary policy is focused on the domestic economy

For me the headline comment is another signal that the BOE won't necessarily focus on interest rates.

  • BOE has capacity once article 50 is triggered

  • Contribution after article 50 will be technocratic

It looks very much like he's sticking to his FPC script so if the market was looking for any mon pol clues, it's being left disappointed and the pound is gaining on that.

Best in 2026

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