BOE Holds Rate at 0.5% as Carney Prepares to Signal Outlook
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Mark Carney may be getting ready to unsettle investors again.
The Bank of England governor has an opportunity this week to address bets that he’ll keep interest rates unchanged until mid-2016. Market sentiment shifted Friday after the Conservative election victory, with traders predicting the BOE will offset tight fiscal policy by holding borrowing costs at a record low for longer. The bank maintained the benchmark at 0.5 percent on Monday, as forecast in a Bloomberg survey.