23 Jul 2014
BoE's Carney: UK economy stronger but future headwinds could limit rate increases
FXStreet (Łódź) - Carney points out that the BoE is currently balancing inflation implications from sustained economic momentum vs conflicting signals of labour market slack.
• Wage data suggests that there is more labor supply than initially thought, he says.
• Saving imbalances, regulation may limit rate increases.
• Carney adds that the strength of the pound over the past year is one of the headwinds facing the economy.
• Globalization is under threat by the "spector of protectionism" in international trade talks.
• Wage data suggests that there is more labor supply than initially thought, he says.
• Saving imbalances, regulation may limit rate increases.
• Carney adds that the strength of the pound over the past year is one of the headwinds facing the economy.
• Globalization is under threat by the "spector of protectionism" in international trade talks.