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BoE's Carney: Time not ripe for rate hikes

FXStreet (Łódź) - As the Q&A part of press conference progresses Carney stresses that the time for rate hikes hasn't come yet.

• He points to geopolitical tensions and overseas financial tightening as the main risks for the UK economy.

• BoE will defend the 2% inflation target with determination.

• "The slowdown in housing market, brought about by new FSA mortgage rules is for the most part transitional and could be coming to an end."

• The BoE expects growth slowing down next year, while inflation remains below target.

Romania Trade Balance: €-0.555B (June) vs previous €-0.535B

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USD/JPY capped at 102.50

The Japanese yen continues to depreciate vs. the greenback on Wednesday, lifting the USD/JPY to highs around 102.50....
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