UK rate hike will dependent on labor costs and inflation pick up – BOE’s Carney

FXStreet (Mumbai) - Bank of England governor Mark Carney, while speaking to Wall Street Journal (WSJ), said the rate hike will depend on labour costs and inflation picking up and whether growth stays on track.

Key Quotes

Underlying fundamentals in the UK economy are solid

Sees downside risks in EM economies

Confidence from the UK consumer and investment are still high

BOE sees no signs that UK/EU vote is unsettling businesses or consumers