Cable drops on BoE

“An overly early withdrawal of stimulus risks foregoing endogenous improvements in productivity, whereas if the exit is left too late then any excess inflationary pressures can be easily dealt with by raising bank rate. That points to a late rather than early exit”.

*CARNEY SAYS BOE RATE INCREASES WILL BE LIMITED, GRADUAL

* CARNEY: MORE SPARE CAPACITY TO BE ABSORB BEFORE RATE HIKE

*CARNEY SAYS ECONOMY NEEDS MORE BALANCE FOR SUSTAINED RECOVERY

*CARNEY: SIGNS RECOVERY BECOMING SECTORALLY MORE BALANCED