Sir Edward told an audience of bankers in London: "With inflationary pressures subdued, monetary policy generally can, for the time being at least, afford to remain reasonably supportive" - although he added that he made "no predictions as to what that may mean for interest rates".
Before last night's speech, expectations in financial markets indicated a sharp 1 pe
- BoE sparks controversy over expenses disclosure
- Further US tightening risks recession – St Louis Fed president
- Cyprus ex-governor says authorities asked for false audit of failed bank
- Riksbank says all banks should be ‘obliged’ to continue cash services
- Iranian central bank looking for alternative to Swift, local media says