BoE's Carney: Two extra rate rises needed over three years to stop economy 'running too hot'

First rise in a decade

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BoE's Mark Carney as interest rates hiked for first time in a decade
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BoE's Mark Carney as interest rates hiked for first time in a decade

Governor Mark Carney has stressed the "gradual pace" of future interest rate increases, with the Bank of England's forecasts based on two more hikes over the next three years.

Following the announcement of the Bank's decision to increase rates from 0.25% to 0.5% today - the first rise in a decade - Carney reiterated the BoE is "easing our foot off the accelerator", after almost...

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