- BoE's Governor Carney: Survey data suggests UK economic activity has picked up sharply since the election
Market news
30 January 2020
BoE's Governor Carney: Survey data suggests UK economic activity has picked up sharply since the election
- UK recovery appears to be on track
- It is early days, less a case of 'so far, so good', than 'so far, good enough'
- It is important for hard data to follow through
- Global growth is picking up, caution is warranted
- Coronavirus is a reminder on the need to stay vigilant
- Recovery in UK growth and inflation are not yet assured
- Monetary policy may need to reinforce expected recovery in UK growth if more positive signs not sustained
- If economy recovers as forecast, some modest tightening may be needed."
- Domestic price inflation appears to be muted
- Core inflation has slowed
- Margin of slack has been greater than previously estimated
- UK entering a decade of potentially profound structural change
- New trade arrangement with EU will bring adjustment costs for UK
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