BOE governor Carney still testifying to the TSC 17 Oct
- building a war chest in interest rate terms for future shocks would not be in line with inflation target
Like the guy who asked him the question I too beg to differ and still say the desire to hike rates for wiggle room back lower when the proverbial hits the fan is a reality for the BOE as well as the Fed and ECB.
Nothing too hawkish from Carney so far. Headline is basically the current Carney/MPC mantra albeit less convincing and GBPUSD suitably unfazed at 1.3238. EURGBP continues its ascent at 0.8888
Watch it all live here
