BOE governor Carney continuing his interview on BBC Radio 4 29 Sept
- questions around financial contracts after Brexit can't be solved by BOE
- UK economy is on the kind of track for rates to increase in relatively near future
- interest rates can rise but if/when they come will be limited and gradual
Interviewer picking up on fact that Carney said "when rates rise" then if/when they rise which Carney swipes away.
Note the change in tone from "next few months" to " relatively near future". Open to interpretation and I think they remain as cautious about hikes as they did recently but GBPUSD can't make its mind up. Still kicking around 1.3400. EURGBP stuck around 0.8800
Follow live here
- no household debt bubble in UK
- worrisome consumer debt represents only 1/10th of overall debt
- we are worried about shift from responsible lending to reckless lending
- some lending is getting a little frothy and should be addressed
Carney due to offer closing thoughts at the BOE conference later
