Pursuits
Mark Carney: Prudent to Expect U.K. Rate Rise in 2016
- Bank of England governor comments in exclusive interview
- Says foreign investment key consideration in Brexit debate
BOE’s Carney on Rates, The Fed and China
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Mark Carney says Britons should be ready for a rate increase in 2016.
“Would I rather have the majority of the British people thinking that rates are likely to go up in the next year, which is the case today? Yes I would, because that is reasonably prudent behavior, given the progress this economy is making,” the Bank of England governor said in an interview on Bloomberg Television on Thursday. “At some point, rates are going to move. It’s not today, unfortunately.”