Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a757288

UK rate rise: Bank of England’s biggest dove turns hawkish

by Dylan Lobo on Jun 17, 2014 at 08:07

But Schroders European economist Azad Zangana pointed out there were a number of caveats in Carney’s speech.

‘Whilst this is the first time that Carney has surprised the market with more hawkish comments, there were plenty of caveats in his speech to lead us to question his position on when interest rates should begin to rise,’ Zangana said.

‘He [Carney] pointed to the ongoing challenges in the private sector and the need for a reduction in household debt, along with the inevitable fiscal tightening that is likely to be stepped up after the general election.

‘He also mentioned the impact of the significant appreciation in GBP, which is likely to reduce the already weak overseas demand for UK exports, and dampen imported price inflation.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet