Super Thursday Reaction: 'Unbalanced' UK recovery remains a concern

Carney pointed to emerging market 'drags'

Bank of England governor Mark Carney unveiled a dovish Inflation Report last week, but said the UK should still not rule out a rate rise in 2016.

The Bank's Monetary Policy Committee voted to keep rates on hold in November, at a record low of 0.5%, with just one member voting for a rise. In its accompanying Inflation Report, the Bank said weaker global growth would keep price increases in the UK under control in the long term, suggesting rate increases may be pushed out. It also cut its UK growth forecast for 2015 from 2.8% to 2.7%, as a result of the emerging market slowdown. Speaking at a press conference, Carney (pictured) said: "The outlook for global growth, particularly emerging markets, has changed. Over the last three m...