Jun
09
Carney Seen Preserving Bets on No U.K. Rate Increase for a Year
ByBank Of England Governor Mark Carney. Photographer: Chris Ratcliffe/Bloomberg
Mark Carney may well reflect on the vagaries of forecasting as he prepares to deliver his annual Mansion House speech to financiers in London on Wednesday.
A year after the Bank of England governor sparked speculation that U.K. interest rates could increase within months, money markets are projecting officials will maintain the cost of borrowing at a record low until the summer of 2016…
Carney Seen Preserving Bets on No U.K. Rate Increase for a Year