Mark Carney said rising U.K. mortgage debt may threaten Britain’s recovery as he signaled interest rates might start to rise earlier than anticipated.
Mark Carney will get a chance this week to explain what happened to forward guidance.
When Mark Carney finally begins to lift Bank of England interest rates from a record low, his plan for a gradual tightening suggests changes no faster than once every three months.
The Bank of England said arguments in favor of the first interest-rate increase since 2007 are growing stronger for some officials.
Investors who’ve driven 10-year gilt yields higher ever since Mark Carney joined the Bank of England now have the governor’s blessing.
"The absence of wage pressure is leading committee members to feel under no strong pressure to start the process of normalization."
- David Tinsley on Jul 23, 2014
Tinsley Says Portugal Yields are ‘Unsustainable’ March 23