Hikes to be gradual, limited – BOE’s Carney

By FXStreet FXStreet (Mumbai) – The Bank of England governor Mark Carney, while speaking at the QIR press conference, said the rate hikes whenever they happen are likely to be more gradual and limited.

Key Quotes

Sterling strength is disinflationary

Growth seen picking up from mid-2016. Investment, housing seen boosted by loose credit conditions

Domestic demand resilient

Inflation could exceed the 2% target in next two years

To eliminate spare capacity over the next year
For more information, read our latest forex news. …read more

Source:: FX Street