Economics
Carney Changes Tone Ahead of Bank’s Key Meeting
- Governor said policy makers may need to begin raising rates
- Comments come as officials present contrasting policy views
Carney Says BOE May Need to Start Raising Rates Soon
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Don’t expect a quiet summer break. The stage is set for an exciting Bank of England meeting in August.
Just one week after he said it’s not yet time to increase interest rates, Governor Mark Carney on Wednesday shifted his emphasis, saying that policy makers may need to begin raising them and will debate it in the coming months.