BOE’s Carney: Bank rate, not QE, will be relevant instrument for policy for some time to come

Additional comments from the BOE Governor Carney from his testimony before the TSC:

   •  We don’t have to go as close to 2% inflation to start QE unwind
   •  2016 round of QE had a sizeable impact on UK economy
   •  Challenges for UK housing market are structural
   •  Govt's help to buy scheme is not material for overall UK housing market
   •  In a perfect world we would not be using QE just interest rates