Climate change activists target Bank of England and Barclays - business live
Mark Carney is giving a press conference after leaving UK interest rates on hold, as protesters urge action on climate change
- Carney: Firms need to anticipate new climate rules
- Bank of England leaves rates on hold
- Barclays AGM disrupted
Earlier:
- Introduction: Climate activists target Bank of England
- Activists urge Bank to 'green' its bond-buying programme
- "Why I will be protesting against Mark Carney on Thursday"
3.57pm BST
Time for a recap:
The #ClimateEmergency demands all our institutions support rapid decarbonisation and the Bank of England is no exception! It's time to #GreenTheBoE a pic.twitter.com/ExSzF9qWfz
Dharma Action Network outside Barclays AGM. Barclays blind to the climate crisis .. #climatechange pic.twitter.com/xfjWGZXDgC
3.54pm BST
Mark Carney's key message today is that interest rates will probably rise faster than investors think, says our economics editor Larry Elliott.
Investment has fallen for four successive quarters, trade has been a drag on growth and the economy has become even more dependent on the willingness of households to carry on spending.
Investment is expected to bounce back once Brexit has been resolved, while low unemployment and rising real incomes will continue to support household spending. In those circumstances, the MPC is likely to become markedly more hawkish.
Related: Interest rates: welcome to UK plc, an economy in limbo | Larry Elliott
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