BOE gov Carney now into the Q&A session at his speech
- recent fall in oil prices mostly supply rather than demand driven
I'm not so sure I agree with that one.
- FX levels have to be persistent to influence policy
- BOE does not look to validate any forex level
That first comment will be a reference to the easing back of sterling's TWI from 92 to 89 since last summer. Previous concerns over GBP strength have dissipated in that time and even EURGBP now showing signs of decent correction
- interest rates could rise before CPI hits 2%
I reckon we already knew that
- BOE picking up on the uncertainty around political events but investment intentions remain quite robust
That'll be the Brexit issue
- views interest rate decision being about tightening not the other direction
Repeating previous comments that although there's no rush the next move will be up
Q&A now over.
