Bank of England’s Carney holds press conference after interest rates left unchanged
The central bank’s decision Thursday was mostly expected after Carney gave dovish comments in an interview with the BBC, saying that Brexit uncertainty could slow the pace of rate hikes.
Markets were pricing in less than a 10 percent probability of a rate rise being announced Thursday. The bank hiked interest rates for the first time in over a decade in November.
Since joining the bank in 2013, Carney’s guidance on the path for interest rates has frequently been derailed by surprises in the economy. That prompted Pat McFadden, a lawmaker for the U.K.’s Labour Party, to call him an “unreliable boyfriend.”
But on Thursday, Carney quipped that the only people who refer to him as an unreliable boyfriend are financial journalists.