The Trader 

Market Outlook: Mark Carney says a lot

The Trader

In an interview with the BBC yesterday, Mark Carney said that an increase in the key Bank rate would happen this year but not necessarily at the May MPC meeting.  This is a climbdown from what he had pencilled in, and the market took as a 90 per cent certainty, following awful retail sales data and inflation coming in lower than expected, CPI up 2.5 per cent Y/Y.  He added that though ‘likely’ any hikes will depend on Brexit talks.

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