A rise in growth above 1.5% in 2020 and 2021 would be enough for the economy to start overheatingBank of England governor sign Carney has warned that a modest recovery over the next three years will warrant higher interest rates than financial markets currently expect as inflationary pressures force the central bank to act.
Unlike the European Central Bank and and the US Federal Reserve,which have signalled a meaningful easing of monetary policy in recent weeks, Carney said investors were under-estimating the likelihood of higher interest rates in three to five years’ time. Related: Climate activists disrupt Barclays AGM; UK interest rates left on hold - business live Continue reading...
Source: theguardian.com