uk iconUK

Bank of England warns of interest rate rise over next three years

Bank of England governor Mark Carney has warned that a modest recovery over the next three years will warrant higher interest rates than financial markets currently expect as inflationary pressures force the central bank to act.

Bank of England warns of interest rate rise over next three years
smsfadviser logo

Unlike the European Central Bank and and the US Federal Reserve, which have signalled a significant easing of monetary policy in recent weeks, Carney said investors were under-estimating the likelihood of higher interest rates in three to five years’ time.

Read more at The Guardian.

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox