BoE's Carney: UK recovery exceeds expectations

FXStreet (Łódź) - The BoE head stressed that the economic recovery momentum in the UK is stronger than expected.

• "BoE will likely meet inflation, jobs goals if it raises benchmark interest rate early 2015."

• Unit labor costs are below the level required to meet the CPI target.

• While labor costs continue to be soft, wages will grow slowly.

• Remaining labor slack must be still used up.