Rates could rise before CPI hits 2% - BOE’s Carney

FXStreet (Mumbai) - BOE’s Carney at Q&A session at his speech said the interest rates could rise before CPI hits 2% and said the next interest rate decision is likely to be about tightening.

Key Quotes

Fall in oil prices mostly supply rather than demand driven

FX levels have to be persistent to influence policy

BOE does not look to validate any forex level

BOE picking up on the uncertainty around political events but investment intentions remain quite robust