Domingo, 25 Junio, 2017

Bank of England Governor Sees Weak Wage Growth Delaying Rate Rises

German minister sees hope of 'soft' Brexit, with conditions Failure to reach Brexit deal would be very bad for Britain, warns Chancellor
Malita Javier | 20 Junio, 2017, 11:24

Carney's speech opened with a homily to the "hope and despair" that has faced a Britain hit by terrorist attacks and a devastating tower-block fire in recent weeks. Carney said weak wage growth raised questions about the strength of domestic inflationary pressures, and he was unsure how the economy would respond to talks between the United Kingdom government and the rest of European Union on the terms of their separation.

"From my perspective, given the mixed signals on consumer spending and business investment, and given the still subdued domestic inflationary pressures, in particular anaemic wage growth, now is not yet the time to begin [an] adjustment [in monetary policy]", said Carney.

The pound's depreciation since the June 2016 vote to leave the European Union has pushed up import prices and inflation.

EU, UK agree Brexit talks principles: Barnier
Merkel said Monday: "I think it is premature to speculate on the first day of the negotiations how they will end". The two sides are expected to meet monthly until March 2019, when Brexit is due to happen.

"Market sentiment towards sterling had shifted towards a possible rate hike followiing a shock shift to 5-3 last week from the MPC (Bank of England monetary policy committee)", said Mizuho's head of hedge fund FX sales, Neil Jones.

However, three members dissented in favor of raising the Bank rate, the largest vote for such a move since the central bank last tightened policy in July 2007. Carney voted to keep them at a record low 0.25% and gave no sign he was in a rush to change his view.

The Canadian said he would like to see if falling consumer confidence is offset by other components of demand, whether wages begin to "firm", how the economy reacts to "tighter financial conditions", as well as the reality of Brexit negotiations, before considering any rate hike.

Seguro Social invertirá 960 mdp en infraestructura médica en Hidalgo
Esto lo dio a conocer durante la inauguración de la Unidad de Medicina Familiar (UMF) 35, que se ubica en el mismo municipio. Está prohibido todo tipo de reproducción sin autorización.

Carney said in a global economy marked by a clear divide between surplus and deficit countries, the UK's current account was deeply in the red.

"Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption", Carney said.

Oil Sinks To November Lows On Shock US Gasoline Build
Sponsored Content - Download our Executive Briefing to learn how agency and industry experts are hoping to reduce insider threats. He said he believed the price of Global benchmark Brent crude would have to drop to $45 a barrel before U.S. rig growth slowed.

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