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Carney Ends Silence With Brexit Warning, Rate-Hike Pushback

  • BOE governor delivers first comments in more than a month
  • Says it’s ‘not yet the time’ to raise interest rates
Bloomberg business news

Carney Says Any Rate Hike Will Be 'Limited', 'Gradual'

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Mark Carney ended more than a month of silence with a major speech that pushed back against rate hawks in the Bank of England and re-emphasized his concerns about the impact of Brexit on the economy.