BOE’s Carney: Repeats some tightening may be needed in coming months

Bank of England Governor Mark Carney at the IMF
– De-integration effects of Brexit are likely to be inflationary
– Reiterates that hikes are likely to be gradual and limited
bolded is important. The thinking is that a hike is because others are
hiking. That’s more of a one-off signal, or a reluctant signal. Cable,
rightfully, doesn’t