Carney – All BOE members believe next likely move in rates is up

FXStreet (Mumbai) - BOE’s Carney, while speaking at the inflation report press conference, caught markets by surprise by stating that all members of the BOE believe next likely move in the interest rates is up.

Key quotes

Market rate path implies that BOE will overshoot target

BOE wants to make sure we get to target and sustain it and is trying to balance domestic cost pressures vs external factors