Pantheon Macroeconomics - Bank Governor Mark Carney reiterated in a speech yesterday that he wants to see sustained momentum in GDP growth, domestic cost pressures firm and core inflation rise further towards 2%, before raising interest rates. We doubt he will have long to wait on the last two points, given the tightness of the labour market.

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20 Jan. 2016 Wage Growth Will Push the "Data Driven" Governor to Hike this Year

By Samuel Tombs

Bank Governor Mark Carney reiterated in a speech yesterday that he wants to see sustained momentum in GDP growth, domestic cost pressures firm and core inflation rise further towards 2%, before raising interest rates. We doubt he will have long to wait on the last two points, given the tightness of the labour market.

Posted: 20th Jan 2016 in 'UK Documents'

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