Carney defends communications approach as BoE holds
Central bank criticised for apparent U-turn on rate hike
Mark Carney defended the Bank of England’s decision to keep interest rates on hold today (May 10), after receiving criticism for an apparent change of course on policy.
The BoE governor told press that the majority of households and businesses in the economy were “not fixated” on the exact timing of a rate hike, and continue to expect two or three rate hikes over the next 18 months.
Market participants have accused the central bank of botching its communications in the run up to the May rate
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