Has the Bank of England governor been caught bluffing on interest rates?
by Phillip Inman Economics correspondent from on (#12EEP)
Mark Carney has been dealt a weak hand and his forecast that borrowing costs would soon rise exposed as a bluff. A move into negative rates are more likely
It will probably be "no change" at the Bank of England this week, with policymakers expected to keep interest rates at their historic low again.
The monetary policy committee meets on Thursday and in all probability will sit on its hands for the 83rd straight month. Most likely the MPC will keep the base rate at 0.5% for the rest of the year.
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