Brexit brings inflationary risks, Carney says
“Continued erosion of slack” is putting pressure on MPC, governor says
The governor of the Bank of England (BoE) has said Brexit is likely to force the monetary policy committee (MPC) to raise interest rates.
Speaking in Washington at the annual Camdessus Lecture hosted by the International Monetary Fund on September 18, Mark Carney said the UK’s exit from the European Union will likely cause a shift in the Philips Curve.
“This process of de-integration can be expected to steepen the Phillips Curve given disruptions to in-bound value chains from Europe and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com