Carney comments lead to sterling wobbles
Pound leaps as markets interpret comments as sign Bank of England governor is contemplating rate hike later this year
Mark Carney triggered a sharp move in the pound on June 28, when he appeared to suggest there could be a case for a rate hike later in the year.
The Bank of England governor told the European Central Bank’s forum in Sintra, Portugal: “Some removal of monetary stimulus is likely to become necessary if the trade-off facing the [monetary policy committee, MPC] continues to lessen.”
The governor was referring to “subdued” inflationary pressures and “mixed signals” on consumer spending and business
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