Andrew Montlake: What’s Next For Interest Rates?

It seems that the heat of a testy long, hot summer has seen the battle lines being drawn at the Bank of England.

Just after the latest vote that had three members of the MPC voting for a rise, Governor Carney was back with his own version of forward guidance saying that he did not see that the time was right for rises yet, especially before Brexit.

Cue Chief Economist of the Bank Andy Haldane who came out and said he planned to vote for a rate increase “relatively soon”. Mr Carney was then...

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