According to media news report, rates can be expected to rise gradually. Policy needs to walk, not run, to standstill, reportedly said Governor of the Bank of England, Mark Carney.
Reportedly commenting on Brexit, Mr Carney said the Monetary Policy Committee recognise that the economic outlook could be influenced significantly by the response of households, businesses and financial markets to developments related to the process of EU withdrawal.
According to news report, the Bank is sticking to its guidance that interest rates will continue to head higher, but only at gradual pace and to a limited extent, said media news report.
-AENNS -02/08/2018