Carney Seeks to Keep Low-Rate Outlook as BOE Holds Policy
This article is for subscribers only.
Bank of England Governor Mark Carney and his colleagues are debating how they can reflect the strength of the U.K. economy in their forecasts without suggesting that interest rates are about to go up.
Officials are compiling a new quarterly economic outlook, due to be published next week, and reviewing how to guide expectations after unemployment plunged to within a whisker of the threshold for considering an interest-rate increase. Carney says he’s in no rush to end emergency stimulus, and the Monetary Policy Committee kept the benchmark rate at 0.5 percent today.