British Pound Tanks After BoE Chief Makes Dovish Noises
Jun 24, 2014, 14:27 IST
A couple weeks ago, Bank of England chief Mark Carney sent a chill down the spine of global markets when he said rate hikes might come sooner than expected.
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Now it sounds like we're getting a little walkback.
In comments today, he's emphasizing that wage growth has been surprisingly muted and that the system still has slack, meaning inflation isn't a big risk.
So now it sounds like there's no rush for the Bank of England to raise rates.
As such, the pound is tanking
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