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

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

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By Lucy Meakin and Fergal O'Brien

June 20, 2017 at 7:30 AM UTC

Updated on

June 20, 2017 at 2:21 PM UTC

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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.