U.K. Rates Aren't Going Anywhere

Britain's central bank can afford to leave interest rates alone.

Watch out for the head-fake.

Photographer: Chris Ratcliffe/Bloomberg

Mark Carney is just itching to raise interest rates. The Bank of England governor has been dying to flex his monetary policy muscles since at least August 2013, but the U.K. economy isn't playing ball. With inflation still conspicuous by its absence, Carney should curb his enthusiasm until the data justifies a move.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.