Dep gov now on Radio 4 in a live interview further to her earlier appearance on Radio 5
- BOE has room to lower rates, do QE if needed
Another potentially dovish slant in that last comment, albeit one that is just stating fact and GBPUSD dips lower to 1.5186 amidst general USD demand
Yesterday Carney said QE wasn't being discussed or on the agenda
- gentle path of rising rates will return CPI to goal
- BOE's main issue is when to tighten, not doing QE
That last comment appears to clarify her position. GBPUSD up a tad to 1.5193
Shafik -BOE able to swing either way but hikes are the preference