The BOE Gov. Carney Speaks
The BOE governor Carney is now speaking at press conference
Domestic CPI pressures likely to build in coming years.
No reason to think rate impact to be larger than usual
Time has come for BOE to take the foot off the accelerator.
Household well positioned for interest rate hike.
Global demand growing strongly and robustly in EU.
Brexit biggest determinant for the economic outlook.
Brexit-related constraints adding to drag on potential.
Growth lower than historic norms but not subdued.
The rate hike will prevent the return of inflation squeeze.
Worst of UK related income squeeze is ending.
CPI still above target in 2020 even with 2 hikes.
Forecasts suggest excess demand in the economy in 2020.
BOE stretched CPI horizon due to unusual circumstances.
02 Nov 17 (Thu)
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