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16 Sep 2015
Wage growth just starting to pick up – BOE’s Carney
FXStreet (Mumbai) - Bank of England (BOE) governor Mark Carney, in his testimony to the Parliamentary Committee in London, acknowledged the improvement in the wage growth, but stated that they are “just starting to pick up”.
Key Quotes
“MPC will have to feel its way as it goes on interest rates, BOE tightening is likely to be longer and shallower than in the past . UK economic momentum is 'solid'.”
Quotes on China
“There is reason to believe that growth in China might be more volatile than stats suggest. Broader indicators (and official ones) indicate a slowing in the Chinese economy. Downside risks to Chinese growth have risen. There seems to be some element of smoothing in Chinese data. MPC is more pessimistic on China than consensus”
Key Quotes
“MPC will have to feel its way as it goes on interest rates, BOE tightening is likely to be longer and shallower than in the past . UK economic momentum is 'solid'.”
Quotes on China
“There is reason to believe that growth in China might be more volatile than stats suggest. Broader indicators (and official ones) indicate a slowing in the Chinese economy. Downside risks to Chinese growth have risen. There seems to be some element of smoothing in Chinese data. MPC is more pessimistic on China than consensus”