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- BoE governor Carney: Current margin of economic slack is expected to widen a little in coming quarters
BoE governor Carney: Current margin of economic slack is expected to widen a little in coming quarters
- Global tensions have eased since February
- The BoE sees a modest pickup in global growth this year
- UK domestic tensions still remain, in contrast with the global situation
- Businesses are focused on short-term Brexit plans
- Housing market is the only area where UK consumer demand has been subdued
- Fall in UK BoE rate expectations is driven by global factors
- If forecasts are right, more rate hikes are needed than in market interest rate curve
- Says "it just didn't require hikes" at this meeting
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