Carney’s Long-Awaited BOE Rate Increase May Finally Arrive
- Majority of MPC says reduction in stimulus may be needed
- Brexit means ‘considerable risks’ to economic outlook remain
Carney Sees Scope For BOE Hike Over Coming Months
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The Bank of England may be finally ready to deliver an interest-rate increase.
After false dawns sparked by Mark Carney in 2014 and 2015, a growing swell of BOE policy makers are now leaning more heavily toward the idea that tightening will be needed very soon. That’s got investors putting their money on action as soon as the next meeting in November.