Carney expects ‘some’ rate increases over next three years

2019-05-02 24

Bank of England Governor Mark Carney has said interest rate hikes are still on the cards after Britain's growth outlook was upped this year despite Brexit uncertainties. The Bank held rates at 0.75%, but Mr Carney said a Brexit resolution with a smooth transition will require "some increases” in interest rates, although he stressed these would be limited and gradual. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Free Traffic Exchange