" Governor of the Bank of England Mark Carney insists rate rises are a "possibility not a certainty" but urges UK households to prepare for tighter policy now "
"British households should prepare for higher interest rates now even though a hike is not guaranteed, according to the Governor of the Bank of England.
While Mark Carney said the Bank was "focussed" on "raising interest rates" and the right time to tighten monetary policy, he told the Mail on Sunday that rate rises were a "possibility not a certainty".
Low inflation, an expectation that the US Federal Reserve will not raise rates until next year and China's economic slowdown mean markets do not expect the Bank of England to lift rates from a record low of 0.5pc until April 2017. "
Source: UK interest rate rise not a guarantee, says Mark Carney - Telegraph
Oh really???
"British households should prepare for higher interest rates now even though a hike is not guaranteed, according to the Governor of the Bank of England.
While Mark Carney said the Bank was "focussed" on "raising interest rates" and the right time to tighten monetary policy, he told the Mail on Sunday that rate rises were a "possibility not a certainty".
Low inflation, an expectation that the US Federal Reserve will not raise rates until next year and China's economic slowdown mean markets do not expect the Bank of England to lift rates from a record low of 0.5pc until April 2017. "
Source: UK interest rate rise not a guarantee, says Mark Carney - Telegraph
Oh really???
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