- BoE governor Carney: UK economy is near an equilibrium
Market news
26 June 2019
BoE governor Carney: UK economy is near an equilibrium
- Tightness in UK labour market has been feeding through into pay growth
- Not seeing ddebt-fuelled consumption growth in any shape or form
- Survey data points to lacklustre business investment in Q2
- Doesn’t expect turnaround in weak business investment in short term
- Expectations of a no-deal Brexit have risen, thus affecting the economy
- But markets are not saying that no-deal is the most likely Brexit scenario
- Business uncertainty is as high as it was before the 29 March deadline
- Housing market has been affected by Brexit deadlines
- If headwinds in the economy lift, higher rates would be appropriate
- Monetary policy is accommodative but not extraordinarily accommodative
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