Carney expects ‘some’ rate increases over next three years

Credit: ODN
Published on May 2, 2019 - Duration: 01:21s

Carney expects ‘some’ rate increases over next three years

Bank of England Governor Mark Carney has said interest rate hikes are still on the cards after Britain's growth outlook was upped this year despite Brexit uncertainties.

The Bank held rates at 0.75%, but Mr Carney said a Brexit resolution with a smooth transition will require "some increases” in interest rates, although he stressed these would be limited and gradual.

Report by Blairm.

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