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- Bank of England Governor Mark Carney: the timing of the first interest rate hike by the BoE would be "driven by the data"
Bank of England Governor Mark Carney: the timing of the first interest rate hike by the BoE would be "driven by the data"
The Bank of England Governor Mark Carney testified to parliament's Treasury committee today:
- The timing of the first interest rate hike by the BoE would be "driven by the data";
- Carney is concerned that "asset price volatility has gone down";
- The UK housing market is a biggest risk to the durability of the economic recovery.
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