Mark Carney has been dealt a weak hand and his forecast that borrowing costs would soon rise exposed as a bluff. A scamper into negative rates are more likelyIt will probably be “no change” at the Bank of England this week, with policymakers expected to sustain interest rates at their historic low again. The monetary policy committee meets on Thursday and in all probability will sit on its hands for the 83rd straight month. Most likely the MPC will sustain the base rate at 0.5% for the rest of the year.
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Source: theguardian.com