Mark Carney: Rate hikes will be 'gradual' and 'limited'

In a speech to the International Monetary Fund (IMF)in Washington DC, Carney said there would likely be "some withdrawal of monetary stimulus" in order to bring inflation back to the BoE's 2% target, according to the BBC. Inflation beat expectations in August rising 0.3% to 2.9%, its highest since 2012, as it continued to feel the effects of the sterling devaluation following the UK's vote to leave the European Union last year. In the Monetary Policy Committee last week, the MPC held rates at 0.25% but minutes revealed "slightly stronger than anticipated" UK economic growth could lead...