BoE's Carney - MPC is clear that its tolerance for above-target UK inflation is limited

Market news

28 June 2017

BoE's Carney - MPC is clear that its tolerance for above-target UK inflation is limited

Readiness to raise rates hinges on how much weaker consumption is offset by business investment
Other factors include wages and unit labour costs, economy's reaction to Brexit talks
Global equilibrium interest rate could rise given strong global economy, makes a given policy setting more accommodative
MPC will debate issues around raising rates "in the coming months"

UK 10-year gilt yields rise to highest since may 11 after Carney remarks, up more than 8 bps on day at 1.178 pct

Draghi comments suggest ECB will be patient with inflation, can live with inflation taking longer to rise to target - Euro Zone central bank sources

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