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Are interest rates set to rise?

The Bank of England party line of no increase from a 0.5 per cent rate until mid-2015 has been updated. Mark Carney, Governor of the Bank of England, gave the clearest indication yet in his Mansion House speech on June 12 that an interest rate rise is on the cards, saying the first increase “could happen sooner than markets currently expect”. This would be very welcome news for all those …Read More