UK rate hike may come sooner than expected, says Carney

Change will be gradual and limited, says BoE governor

Mark Carney

The UK could see a rise in interest rates "sooner than markets currently expect", according to Bank of England (BoE) governor Mark Carney, as economic growth shows signs of gaining traction.

Speaking at the annual Mansion House Bankers and Merchants Dinner in London on June 12, Carney said the BoE's Monetary Policy Committee has no "pre-set course" when it comes to interest rate changes and the ultimate decision will be based on economic data.

Carney stressed there remains scope for spare

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