Carney Seen Tempering Optimism as BOE Holds Record-Low Rate

Bank of England Governor Mark Carney may have to curb investors’ enthusiasm about the strength of the economy if he wants to keep the recovery on track.

Improving U.K. data has helped boost sterling 5.6 percent against the dollar since the start of July and the Monetary Policy Committee has warned that continued appreciation could hamper export growth. The MPC kept its key interest rate at a record-low 0.5 percent today and its bond-purchase program at 375 billion pounds ($603 billion), as forecast by all economists surveyed by Bloomberg.