Hawkish comments from Carney
- Asked if the BOE should raise rates, he said the UK running out of space capacity and tolerance for over-target inflation
- Repeats that a rate rise is likely to be appropriate in the coming months
- We need to take rate decisions one at a time
- BOE policy response to Brexit is not automatic
- The big picture is that most of the world economy is firing on all cylinders
- The global economy is becoming more stimulative
- Global inflation will pick up
Mark Carney is proof of how far a confidence and good looks can take you despite being wrong about pretty much everything.
