BOE gov Carney's up and running at the Treasury Select Committee

  • wants to make a decision by year-end

Carney insisted on a 5 year term rather than the standard 8 years when he signed up 2 1/2 years ago. Recent talk says he may stay on after that time.

  • MPC sees solid growth at core of advanced economies
  • EM economies are seeing crystallisation of risks that BOE previously identified
  • domestic US inflation pressures warranted change in Fed policy
  • Fed rate hike added to market turmoil but was not its fundamental root