Next move likely to be a rate hike - BOE’s Carney

FXStreet (Mumbai) - Bank of England (BOE) governor Mike Carney, in his speech at the Bundesbank Conference, once again stated that the next policy move by the BOE is likely to be a rate hike. Carney also said that the wealth channel in the US is stronger than that in the UK.

Meanwhile, BOE’s Broadbent also chipped-in, by stating that Likelihood of broad and protracted deflation in the UK is pretty low. In fact, he went further and said that good deflation is helping boost demand and output. Broadbent also said the real household income could rise to 4.0% in Q1, which could boost consumption.