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

First rise in a decade

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

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...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Economics

Tom Boyle of Atlantic House

How investors can make volatility their friend

Not always a problem

Tom Boyle
clock 25 November 2021 • 5 min read
Erik Knutzen of Neuberger Berman

Why inflation will be higher and more problematic

October's reading up again at 6.2%

Erik Knutzen
clock 22 November 2021 • 5 min read
US Treasury secretary Janet Yellen

Yellen says inflation will come down as US economy recovers from Covid - reports

Pandemic ‘calling the shots’

clock 15 November 2021 • 1 min read