BOE Carney: Market Underestimates Tightening; No Time Guidance

Bank of England Governor Mark Carney said that the market was likely underestimating the total amount of tightening required over the next three years, but he refused to be drawn on when the first rate hike was likely to come. The BOE August Inflation Report forecasts were conditioned on market a...
BOE Carney: Market Underestimates Tightening; No Time Guidance