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Bank of England governor cools on rate rise

Robyn Hall

June 24, 2014

Carney told the Treasury Select Committee that regardless of timing any increase would be “limited and gradual”.

And he said that the latest data was giving the impression that earnings could soon be on the up, adding that in five years time he expected the base rate to be “materially below” 5%.

But Carney was accused by one MP of acting like “an unreliable boyfriend”.

TSC member and Labour MP Pat McFadden said Carney’s position was “one day hot, one day cold”.

Recently Carney had hinted that a rate rise may occur in coming months.


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