Reuters reports that

  • “Economists expect Carney to use Wednesday’s speech – which starts at 1245 GMT and is followed by a news conference – to try to reinforce his low-rates plan by stressing just how far Britain’s economy has to go before it returns to normality.”
  • He may give more detail why the Bank believes inflation won’t pick up even as growth returns
  • Carney is speaking in Nottingham”in the manufacturing heartland of England’s Midlands and far from London’s financial hub (and is expected to say that) guidance on low interest rates is most effective with businesses and consumers who may be encouraged to spend more and help growth.”

Barclays and HSBC view on his speech