Aug
17
Here’s What Gradual BOE Rate Increases Look Like to Economists
ByCarney says it’s all about the path and not the liftoff.
Bank of England Governor Mark Carney during a financial stability report news conference in London, on July 1, 2015.
Photographer: Chris RatcliffeBLOOMBERG
As the time for the Bank of England’s first interest-rate increase since the financial crisis draws nearer, Governor Mark Carney is trying to get people to focus less on the starting point and more on the long term.
Keen not to shake the recovery, his key refrain to mortgage holders and companies has been thatMOVES from a record-low 0.5 percent will be “limited and gradual.”…
Here’s What Gradual BOE Rate Increases Look Like to Economists
