Carney: interest rates to rise in ‘relatively near term’



Mark Carney says interest rates may rise in the “relatively near term”, leading to speculation there could be an increase in November from 0.25% to 0.5%.
“If the economy continues on the track that it's been on, and all indications are that it is, in the relatively near term we can expect that interest rates will increase,” Carney told BBC Radio 4’s Today Programme today.
“We're talking about just easing the foot off the accelerator to keep with the speed limit of the economy and so interest rate increases when they come - when and if they come - will be to a limited extent and gradual,”... read more

 
29 September 2017 in Business, Views: 49
Source: The Week
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