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13 Aug 2014
BoE's Carney: Time not ripe for rate hikes
FXStreet (Łódź) - As the Q&A part of press conference progresses Carney stresses that the time for rate hikes hasn't come yet.
• He points to geopolitical tensions and overseas financial tightening as the main risks for the UK economy.
• BoE will defend the 2% inflation target with determination.
• "The slowdown in housing market, brought about by new FSA mortgage rules is for the most part transitional and could be coming to an end."
• The BoE expects growth slowing down next year, while inflation remains below target.
• He points to geopolitical tensions and overseas financial tightening as the main risks for the UK economy.
• BoE will defend the 2% inflation target with determination.
• "The slowdown in housing market, brought about by new FSA mortgage rules is for the most part transitional and could be coming to an end."
• The BoE expects growth slowing down next year, while inflation remains below target.