Economics

Bank of England Set for Faster Rate Hikes If Brexit Resolved

  • Policy makers vote unanimously to keep rates on hold for now
  • Governor says investors underestimating pace of tightening
Bank of England Governor Mark Carney speaks about Brexit and its impact on U.K. businessesBloomberg
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Mark Carney said the Bank of England would raise interest rates by more than investors are predicting if the U.K. successfully manages a smooth exit from the European Union.