Carney's Rate Message Is Slowly Resonating With Economists
- More banks now see a Bank of England tightening this year
- Number may rise as firms tear up outlook on hawkish BOE shift
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Economists are gradually starting to buy what Mark Carney is selling.
After Bank of England policy makers said last week that an interest-rate increase may be needed in coming months, 11 firms now expect a hike in the fourth quarter of this year, according to a Bloomberg survey. While that’s still a minority, it’s up from three last month and may climb further as economists continue to tear up their forecasts in light of the bank’s hawkish shift.