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BoE’s Carney: Now Is Not Yet The Time For Rate Adjustment Given Mixed Signals On Consumer Spending And Business Investment

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A Fine Balance Speech given by Mark Carney

From bankofengland.co.uk

My Lord Mayor, Chancellor, ladies and gentlemen. In recent weeks, we have been reminded of fine balances: in decisions, in parliament, in life. The fine balance between hope and despair.1 Despair at the murder of Jo Cox. Hope in her remarkable life of service – an inspiration that lives on in her family, friends, colleagues and many admirers. Despair at the terrorist attacks in Manchester, Borough Market and Finsbury Park. Despair at the tragedy of Grenfell Tower. Hope in the heroism, resiliency and the community of the responses. Hope when we recognise our common humanity. The best tribute this City and this Country ... (full story)

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