Article 4EADG Climate change activists target Bank of England and Barclays - business live

Climate change activists target Bank of England and Barclays - business live

by
Graeme Wearden
from Environment | The Guardian on (#4EADG)

Mark Carney is giving a press conference after leaving UK interest rates on hold, as protesters urge action on climate change

Earlier:

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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