Skip to content
Subscriber Only
Markets
Economics

Carney in Holding Pattern on Interest Rates After November Hike

  • BOE forecast to leave benchmark rate at 0.5% on Thursday
  • U.K. inflation is above bank’s target, hit 3.1% last month
Video player cover image

G Plus' Komileva Says BOE Is in 'Holding Period' on Rates

The Bank of England will fall into a central banking holding pattern on Thursday after November saw the first interest-rate hike in a decade.

With no policy move expected by economists, the spotlight will be on any comment on the market pricing for two more rate increases over the next three years. Governor Mark Carney and most fellow policy makers haven’t disputed that outlook, which would lift the benchmark to 1 percent from 0.5 percent.